Lojas Quero-Quero (LJQQ3) Q3 2026 earnings summary

Executive summary

• 3Q26 same-store sales grew 12.0% and gross revenue net of returns and allowances rose 9.6% YoY to R$864.3 million; net loss widened to R$46.9 million.

• Recovery continued amid weak durable-goods demand; conservative credit, operating efficiency and market-share gains remained strategic priorities.

Financial highlights

• Net operating revenue rose 7.9% YoY to R$750.4 million and gross profit increased 2.0% to R$230.0 million.

• EBITDA was R$34.4 million, down 3.1% YoY; adjusted EBITDA was R$3.2 million versus R$5.1 million.

• Net loss was R$46.9 million versus R$42.1 million; adjusted net loss was R$30.8 million versus R$26.0 million. 9M26 net and adjusted net losses were R$159.8 million and R$96.6 million.

• Gross margin was 30.6% of net revenue, down 1.8 pp YoY; gross margin on revenue net of returns and allowances was 26.6%, down 2.0 pp.

Outlook and guidance

• Management expects further operational improvement through internal efficiency measures and market-share gains; long-term priorities include cash flow and credit-portfolio quality.

• FY26 store-opening projection was up to 10 locations; seven had opened by the reporting date, including two in Q3.

• Q4 cash generation is expected to benefit from working-capital seasonality, with improvements expected to continue into 2027.