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The company’s second-quarter performance continued to show the improvement observed in Q1, with low-single digit top line growth at constant currency.
August 15, 2023
By: Lianna Albrizio
Associate Editor
Natura & Co. posted Q2 consolidated net revenue of $1.57 billion, up 1.9% at constant currency driven by solid constant currency growth at Natura &Co Latam. Gross margin was 65.4%, up 430 bps vs Q2-22, and adjusted EBITDA margin was 9.7%, up 230 basis points versus the same period last year, reflecting improving margins at all three business units, Natura &Co Latam, Avon International and The Body Shop, as well as a 5.7% drop in corporate expenses. Net income was $147.51 mill...
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