Alpargatas (ALPA4) Q3 2026 earnings summary

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.