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Atacadão (CRFB3) investor relations material
Atacadão Q1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 2025 gross sales reached BRL 28.8 billion, up 3.6% year-over-year, led by Atacadão's 7.3% YoY growth and digital expansion, with adjusted net income surging 5.5x to BRL 282 million due to operational improvements and lower tax burden.
E-commerce GMV rose 28.9% YoY to BRL 3.1 billion, now 11.2% of sales, with first-party food sales up 66% YoY.
Portfolio optimization included the sale of 37 supermarket stores and ongoing network expansion with new Atacadão and wholesale units.
Shareholders approved merger and delisting, transitioning to private status for greater agility and efficiency.
ESG progress included a 56% reduction in Scope 1 and 2 emissions and a top 10 ranking in the B3 Corporate Sustainability Index.
Financial highlights
Net sales increased 5.1% YoY to BRL 26.1 billion; gross profit up 2.3% to BRL 5.2 billion; gross margin at 19.8%, down 56bps YoY.
Adjusted EBITDA reached BRL 1.5 billion (+3.7% YoY), margin 5.6%, stable year-over-year.
Adjusted net income was BRL 282 million, 5.5x higher than Q1 2024, driven by improved operations and tax management.
SG&A expenses rose 1.6% YoY, below inflation, and declined as a percentage of net sales by 49bps.
Free cash flow for the last 12 months was negative BRL 584 million, impacted by inventory buildup, CapEx, and Easter calendar shift.
Outlook and guidance
Focus remains on profitable growth, maintaining leadership in Brazil's food retail market, and enhanced agility post-merger and delisting.
Expansion plans for Atacadão, especially in São Paulo, North, and Northeast regions.
Management notes forward-looking statements are subject to risks and uncertainties.
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