Natura &Co Reports R$ 6 Billion in Q3 Revenue, Up 18.5%; EBITDA Grows Over 50%
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Natura &Co reported a strong Q3 2024 with R$ 6 billion in revenue, up 18.5%, and EBITDA growth over 50%. The performance was driven by Natura in Brazil. Avon Products Inc.'s deconsolidation due to Chapter 11 resulted in a non-recurring loss of R$ 7 billion.
November 08, 2024 | 4:00 am
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Avon Products Inc. faced a deconsolidation due to Chapter 11, resulting in a non-recurring loss of R$ 7 billion for Natura &Co.
The deconsolidation of Avon Products Inc. due to Chapter 11 indicates financial distress, leading to a significant non-recurring loss for Natura &Co. This is likely to negatively impact Avon's stock in the short term.
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