Grendene S A

Grendene SA is a Brazilian company that designs, produces, and exports footwear and furniture. The company has a wide range of products for men, women, and children, specializing in synthetic footwear made from ethylene-vinyl acetate and polyvinyl chloride. Grendene markets these products under its own brands, such as Melissa, Grendha, Zaxy, Rider, Ilhabela, Cartago, Ipanema, Grendene Kids, and Pega Forte, as well as under third-party and licensed brand names. The company operates factories and sells products through sales points outside Brazil, exporting to the Americas, the Middle East, Africa, Europe, Asia, and Oceania. In 2021, Grendene reported revenues of (Real) BRL2,342.6 million, an increase of 23.5% over 2020. The company's operating margin was 16.8% in 2021, compared to 15.9% in 2020, and its net margin was 25.7% in 2021, compared to 21.4% in 2020. In the first quarter of 2022, Grendene reported revenues of BRL517.9 million, a decrease of 34.4% over the previous quarter.