Brazil · Delayed Price · Currency is BRL Lojas Quero-Quero Earnings Call Transcripts
Fiscal Year 2026
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Gross revenue grew 3% year-over-year to BRL 790 million, with financial services up 13%, despite margin pressure from high interest rates. Operational efficiency, disciplined credit management, and reduced CapEx supported cash flow and market share gains.
Fiscal Year 2025
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Gross revenue grew 3% in Q4 2025 despite record-high interest rates, with digital sales reaching 28% and credit portfolio growth of 18%. Margins and net income were pressured, but cost control and improved cash generation set a positive outlook for 2026.
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Q3 2025 saw lower same-store sales and net income due to high interest rates and weak demand, but credit card and financial services revenues grew. Expansion slowed, with investments focused on store openings and refurbishments, while default rates remained stable.
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Revenue grew 3% year-over-year in Q2 2025, with strong retail and financial services growth despite a challenging macro environment and high interest rates. Store expansion continued, credit quality remained strong, and margins are expected to improve in the second half.
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Revenue grew 14% year-over-year in Q1 2025, with strong retail and credit portfolio growth, but gross margin was pressured by promotional sales and higher interest rates. Store expansion continues conservatively, and the company is gaining market share despite a challenging macro environment.
Fiscal Year 2024
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Q4 2024 and full-year results showed strong sales and EBITDA growth, with stable net debt and improved margins despite macroeconomic challenges. Expansion continues cautiously, with 20 new stores planned for 2025 and a focus on operational efficiency and community support.
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Q3 2024 saw robust revenue and EBITDA growth, driven by retail recovery, disciplined expansion, and improved credit metrics. Margins improved, delinquency rates fell, and the company remains on track to open 21 stores in 2024, with positive trends expected to continue.
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Second quarter 2024 saw strong recovery with 10% same-store sales growth and robust retail, financial services, and credit card performance. Floods in Rio Grande do Sul impacted operations, but community support and tax credits bolstered results.