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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Q1 2020 Magazine Luiza SA Earnings Call Transcript

May 26, 2020 / 02:00PM GMT
Release Date Price: R$150.77 (+6.75%)
Operator

Good morning, ladies and gentlemen, and thank you for waiting. Welcome to Magalu's First Quarter of 2020 Earnings Conference call. We would like to inform you that this event is being recorded and simultaneously translated. (Operator Instructions)

Now we would like to turn the floor over to Mr. Frederico Trajano, CEO of Magazine Luiza. You may proceed.

Frederico Trajano Inacio Rodrigues
Magazine Luiza S.A. - CEO & Member of Executive Board

Good morning. Thank you very much for participating in this call. It's a very nontypical situation in this call because we arrived in the middle of a pandemic internationally and in a very sensitive situation in Brazil. So we are holding our call 1 month after our original disclosure of our results. But it took us some time to give you a better preparation with more information -- more concrete information and a clear -- a more clear view of our situation.

So as you can see, we have a different format for this call. In fact, it is a webcast, not a conference call. There is some -- there are some

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