Brazil · Delayed Price · Currency is BRL Lojas Quero-Quero Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 10% year-over-year in Q2 2026, with same-store sales up 7.6% and EBITDA rising to BRL 32.6 million. Credit portfolio quality remained strong, net debt stable, and digital sales accounted for 23% of total sales. Market share gains are expected to continue despite macroeconomic headwinds.
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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, with digital sales reaching a record 28% and credit portfolio growth of 18%. Despite high interest rates and margin compression, the company stabilized net debt and expects a more favorable 2026, driven by cost control and macroeconomic improvements.
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Q3 2025 saw a 2% drop in same-store sales and a net loss, but credit portfolio and digital sales grew. Expansion slowed, costs were controlled, and default rates remained stable despite macroeconomic headwinds. Optimism persists for benefits from government programs.
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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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Sales and EBITDA grew strongly in 2024 despite macroeconomic and weather challenges, with disciplined expansion and a focus on operational efficiency. Delinquency rates remained healthy, and the company maintained low net debt while investing in new stores and digital channels.
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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.