Track & Field Co (TFCO4) Q3 2026 earnings summary

Executive summary

• Q3 sell-out rose 6.4% to R$470.1m; net revenue grew 2.2% to R$274.5m amid cautious demand and a temporary 5.2% decline in franchise merchandise sell-in.

• Gross margin expanded 2.9 p.p. to 55.7%; adjusted EBITDA increased 12.6% to R$57.8m and adjusted net income rose 9.3% to R$38.2m.

Financial highlights

• Q3 gross profit reached R$153.0m, up 8.0%; reported EBITDA rose 13.9% to R$64.8m and reported net income increased 17.3% to R$35.1m.

• 9M net revenue grew 11.3% to R$805.3m and gross profit rose 12.6% to R$461.8m; adjusted EBITDA increased 13.8% to R$185.0m and adjusted net income grew 7.9% to R$124.0m.

• Q3 operating cash generation was R$20.3m, up 18.1% YoY; period-end net cash was R$48.1m and liquidity including card receivables totaled R$140.9m.

• Q3 investing outflow was R$12.0m and 9M outflow was R$37.6m.

Outlook and guidance

• Entered Q4 with the Summer collection stocked across the network to pursue year-end demand; no quantified financial guidance was stated.

• Targeted ~70% of stores operating under the Experience Store concept by year-end 2026.

• Operating cash conversion funded inventory reinforcement for Q4.