Brazilian cosmetics manufacturer Natura disclosed on Wednesday that its preliminary consolidated net revenue for the second quarter came in between 5.1 billion reais and 5.2 billion reais — approximately $1.01 billion — marking a decline of 9% to 10% compared to the same quarter a year ago.
Even with sales falling, the company expressed optimism about its profitability outlook, stating that it anticipates its reported EBITDA margin to climb higher than it was in the first quarter. The company credited the expected improvement to reduced severance costs and gains in efficiency stemming from a newly adopted operating model.
Natura noted that a more comprehensive breakdown of its quarterly financial performance will be made available on August 10.
