Americanas (AMER3) Q1 2026 earnings summary

Executive summary

• Gross revenue grew between 17.8% and 19.8% year-over-year, reaching up to R$3.7 billion in 1Q26, with same-store sales up 22.2% and strong Easter sales driven by omnichannel and O2O strategies.

• Adjusted EBITDA improved by R$41 million year-over-year to R$15 million, with adjusted EBITDA ex-IFRS 16 at -R$186 million, a R$56 million improvement.

• SG&A as a percentage of net revenue decreased by 4.3 percentage points year-over-year, reflecting cost discipline and operational efficiency.

• Net loss reduced by 34% year-over-year to negative R$329 million, reflecting improved financial discipline.

• The company filed to exit judicial reorganization in March 2026, with favorable opinions from authorities and plan obligations fulfilled.

Financial highlights

• Gross revenue reached up to R$3.7 billion (+19.8% YoY); net revenue was R$3.1 billion (+20.2% YoY); gross margin rose to 28.3%.

• Same-store sales grew 22.2% YoY; digital and O2O sales surged, with O2O up 56% YoY.

• SG&A expenses increased 3.9% YoY, but improved as a percentage of net revenue.

• Net result improved by BRL 111 million, with a total efficiency gain of BRL 176 million.

• Cash and equivalents plus securities and card receivables totaled R$1.7 billion at quarter-end.

Outlook and guidance

• Strategic plan for 2026–2029 focuses on operational excellence, commercial transformation, digital growth, and customer-centric initiatives.

• Upcoming events such as Black Friday, Christmas, and global football tournaments are expected to drive further sales growth.

• No formal guidance or forecasts provided for future quarters.