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Alpargatas (ALPA4) investor relations material
Alpargatas Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 net sales rose 11.1% YoY to R$1,239.7m; adjusted EBITDA increased 10.9% to R$283.5m, with a 22.9% margin.
Net income increased 2.4% to R$175.5m; 9M net income rose 37.0% to R$508.0m.
Havaianas volume grew 7.6% to 60.8m pairs, with gains in Brazil and international markets.
Financial highlights
Q3 gross profit rose 11.5% to R$653.2m; gross margin was 52.7%, up 0.2pp YoY.
9M net sales increased 11.7% to R$3,695.5m; adjusted EBITDA grew 32.8% to R$869.0m, with a 23.5% margin, up 3.7pp.
Q3 reported EBITDA was R$279.0m, up 6.7%; adjusted EBITDA margin was 22.9%, flat YoY.
Q3 net financial result was negative R$25.5m versus negative R$9.8m YoY; a positive R$1.4m FX impact partly offset higher interest costs.
Outlook and guidance
Brazil priorities include grocery-channel opportunities and growth in less-penetrated channels and categories, supported by tailored products and brand communication.
International priorities target growth and awareness in Europe, support for the U.S. business model, and profitable growth in priority markets.
Capital priorities include disciplined CapEx and SG&A, working-capital release, stronger cash generation and improved ROIC.
Management plans continued Havaianas investment to support scale gains and profitability; no numerical guidance was provided.
- Major impairments drove a R$1.61bn reported loss despite positive normalized earnings.ALPA4
Q4 2023 - Record EBITDA and net income growth, with strong sales and margin expansion across key markets.ALPA4
Q2 2026 - Net income soared 428.8% to R$567.9m on 11.1% higher revenue and record capital returns.ALPA4
Q4 2025 - Record EBITDA, strong profit growth, and R$850M capital return highlight the quarter.ALPA4
Q3 2025 - Adjusted EBITDA up 176.6% and net income up 271.1% year-over-year, with resumed dividends.ALPA4
Q2 2025 - Net sales and EBITDA surged in 3Q24, with a return to net cash and record profitability.ALPA4
Q3 2024 - Net sales up 10% to R$1.0B, normalized net income R$31M, and leverage down to 0.4x.ALPA4
Q2 2024 - Net income and revenue surged year-over-year, led by Brazil's growth and margin expansion.ALPA4
Q1 2025 - Net income reached R$107 million in 2024, reversing a prior year loss and boosting cash position.ALPA4
Q4 2024
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