Natura (NTCO3.SA)First Take: 2Q24 shows progress in Latam, but Avon Intl and cash generation visibility still limited
Goldman Sachs·2024-08-14 10:56
13 August 2024 | 7:21AM EDT Natura (NTCO3.SA): First Take: 2024 shows progress in Latam, but Avon Intl and cash generation visibility still limited Natura&Co reported 2024 results that continued to come with robust growth of the Natura brand in Brazil, and with maturation of the Wave 2 process driving better rep productivity across geographies. The combination of this drove reported sales to beat GSe and BBG consensus topline expectations by +9%. This beat was mitigated at the EBITDA level by slightly lower ...