Magalu October Sales Surge: Physical +16%, Online +14%, Profit R$13.9M
Published 1 d ago2 sourcesEvidence: Reported
New Wave reported 11.3% higher Q3 revenue, but this fell short of analyst forecasts, with organic growth at only ~3%. CEO Torsten Jansson expressed disappointment, signaling potential headwinds in retail demand. The miss suggests softer consumer spending trends that could weigh on the company's outlook.
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