Brazil · Delayed Price · Currency is BRL C&A Modas Earnings Call Transcripts
Fiscal Year 2025
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Q4 2025 saw modest apparel growth and strong beauty performance, with record annual net income and margin expansion driven by strategic transformation and disciplined capital allocation. The company plans further store renovations, new openings, and expects normalization of sales and margins by Q2 2026.
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Apparel and beauty segments drove strong revenue and margin growth, with adjusted net income up 41.7% and robust cash generation reducing leverage to 0.1x. Store renovations, digital enhancements, and the new Energia model are fueling performance, while disciplined capital allocation supports future expansion.
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Second quarter saw 17% same-store sales growth in apparel, 113% rise in adjusted net income, and record cash generation, with strong digital and beauty category performance. Leverage dropped to 0.3x, and investments in logistics and store expansion are set to accelerate.
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Apparel and beauty drove double-digit growth, with gross margin and EBITDA margin expanding year-over-year. Strong cash generation, reduced leverage, and disciplined capital allocation supported new store openings and digital gains, while credit quality remained robust.
Fiscal Year 2024
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Delivered record growth in Apparel and digital channels, with strong margin expansion and reduced leverage. Capital allocation will focus on renovations and technology, while macroeconomic risks and credit discipline remain key priorities.
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Q3 2024 saw 16.7% revenue growth, record apparel gross margin, and a sharp turnaround to BRL 52M net profit. Strong digital engagement, robust category growth, and disciplined cost control supported results, with continued expansion and margin improvement expected.
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Double-digit apparel growth and a 71% surge in beauty revenue drove margin expansion and a return to profitability, with strong cash generation and reduced leverage. Store openings, digital growth, and disciplined credit management support continued operational progress.