Grimoldi S.A. operates in the Men's footwear, except athletic sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Grimoldi S.A. with three other
shoe manufacturers in Latin America:
Arezzo Industria E Comercio Sa
of BRAZIL
(2020
sales of 1.59 billion Brazilian Reals [US$283.34 million]
of which 48%
was Arezzo),
Grendene SA
of BRAZIL
(1.90 billion Brazilian Reals [US$337.80 million]
of which 100%
was Synthetic Footwear), and
Vulcabras Azaleia SA
which is
also
based in BRAZIL
(1.18 billion Brazilian Reals [US$210.01 million]
of which 73%
was Sportive Shoes).
Sales Analysis.
Grimoldi S.A. reported sales of 4.03 billion Argentinian Pesos (US$43.69 million)
for the
year ending
December of 2020.
This
represents
a
sharp
decrease of 28.1%
versus 2019, when the company's sales were 5.60 billion Argentinian Pesos .
Contributing to the drop in overall sales was the 39.0% decline
in Clothes, from 306.67 million Argentinian Pesos to 187.08 million Argentinian Pesos .
There were also decreases in sales in
Footwear (down 32.8% to 3.61 billion Argentinian Pesos )
.
However, these declines were partially offset by the increase in sales of
Accessories (up 13,850.7% to 52.85 million Argentinian Pesos )
.