Mills and Vivara Close Brazil’s Fourth-Quarter Earnings Season with Mixed Signals

Brazil · Business Key Facts —Mills Revenue. Mills posted record quarterly net revenue of R$492.7 million (US$85.5 million), a 13.9% year-on-year increase. —Mills Profit. Net income reached only R$78.6 million (US$13.6 million), missing analyst consensus by over 9% despite the top-line beat. —Vivara Growth. Vivara’s gross revenue surged 17.5% to roughly R$1.37 billion (US$237.7 million),…