Netshoes LTD. (NETS) PT Raised to $22 at Jefferies Following 1Q

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Go back to Netshoes LTD. (NETS) PT Raised to $22 at Jefferies Following 1Q

Netshoes Limited Reports First Quarter 2017 Results

May 15, 2017 4:25 PM EDT

Gross Merchandise Volume increased 20.6%, or 25.2% on an FX neutral basis, to R$531.2 million, compared to 1Q-2016

Margin improvements reflect operating leverage and expense control

SÃO PAULO--(BUSINESS WIRE)-- Netshoes (Cayman) Ltd. (NYSE: NETS) (Netshoes), Latin Americas leading online retailer for sports and lifestyle, today reported unaudited consolidated financial results for the three-month period ended March 31, 2017. The results are stated in Brazilian Reais (R$), prepared in accordance with International Accounting Standard 34, Interim Financial Reporting.

Marcio Kumruian, Founder and CEO of Netshoes,... More