24 de octubre de 2016 / 20:42 / hace 10 meses

Brazil's Renner misses estimates as sales fall first time in seven years

SAO PAULO, Oct 24 (Reuters) - Lojas Renner SA, Brazil's most profitable apparel retailer, missed third-quarter profit estimates on Monday after same-store sales fell for the first time in seven years.

Porto Alegre, Brazil-based Renner said in a securities filing that net income totaled 84.9 million reais ($27 million) last quarter, below the 105.9 million reais consensus estimate compiled by Thomson Reuters. In the third quarter, sales at stores opened for more than a year recorded a 3.9 percent decline, the first since early 2009, the filing said.

$1 = 3.1228 reais Reporting by Paula Arend Laier; Writing by Guillermo Parra-Bernal; editing by Diane Craft

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