Inside the numbers of SBF Group

Presentation of SBF Group Results: what do the numbers say?

A few days ago, the presentation of SBF Group's results was released, SBF, showing a deterioration in financial indicators, especially an increase in inventory levels. 

The numbers presented highlight the disparity between the performance of CENTAURO and FISIA. While the former has modest figures, the latter shows significant revenue and SSS (same-store sales) growth, reinforcing the group's strategy to leverage the potential of the Nike brand.

When the Nike Brazil acquisition by the SBF Group took place, there was much discussion about the potential conflict of interest in having both a supplier and a customer within the same corporate group, as well as how Centauro, the group's main company, would relate to Nike's competitors. 

Some actions to improve the results have already been taken in recent months, such as changing some members of the board, closing stores, and undergoing organizational restructuring and downsizing. 

The SBF Group has faced two major crises in the past (in 2016 and 2020) and managed to emerge even stronger. 

The difference between the previous crises and this one is that, while in the past the country was also experiencing a recession, now the company's financial indicators are moving in the opposite direction of the Brazilian indices.

It will be up to the CEO to lead the reversal of the group's third major crisis, which has seen IBOVESPA stocks, which once reached R$ 50, fall below R$ 10. The market will closely and anxiously monitor performance in this third quarter.