Magazine Luiza SA (BSP:MGLU3)
R$ 6.98 0 (0%) Market Cap: 5.14 Bil Enterprise Value: 11.71 Bil PE Ratio: 11.19 PB Ratio: 0.46 GF Score: 71/100
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Q3 2019 Magazine Luiza SA Earnings Call Transcript

Oct 30, 2019 / 02:30PM GMT
Release Date Price: R$102.93 (+6.97%)
Operator

(technical difficulty)

(Operator Instructions) Now we would like to turn the floor over to Mr. Frederico Trajano, CEO of Magazine Luiza. Mr. Trajano, you may proceed.

Frederico Trajano InÃ;cio Rodrigues
Magazine Luiza S.A. - CEO & Member of Executive Board

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Good morning, everyone. And thank you for participating in our call for the third quarter of 2019 results. I'm here, as usual, with all the executive committee and everybody will be available to answer your questions at the end of the call. I will be making the presentation, the introduction and then Bellissimo will continue and then we will be opening for questions.

This quarter was a historic one for very important things, mainly -- well, even if you consider an over 60 years of age company, I would like to highlight some of these brands for the company. We opened the number 1,000 store in August in Franco da Rocha, 63 after the first one that we opened and the coming onboard of 2 new [states] in Brazil, Mato Grosso and Pará and the purchase of Netshoes -- the

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