Grendene: net profit 2016-2023
The net income of Brazilian footwear company Grendene dipped 1.8 percent in 2023 from the previous year, amounting to 557 million Brazilian reals. Nevertheless, it represented an approximately 40 percent increase from 2020, which saw the lowest earnings over the reported time period. This is recovery trajectory comes after the apparent consumption of footwear in Brazil went down in 2020 due to the COVID-19 pandemic.