Magazine Luiza Posts R$ 14 Million Adjusted Profit in Q3 2026
The result marks a 34.6% annual decline as the retailer faces high interest rates and e-commerce contraction.
Magazine Luiza reported an adjusted net profit of R$ 13.9 million for the third quarter of 2026. This figure represents a 34.6% decrease compared to the same period last year. On an accounting basis, the company posted a net loss of R$ 10.7 million for the quarter.
Net revenue reached R$ 8.9 billion between July and September. This value reflects a 0.9% decline year-over-year. Adjusted EBITDA totaled R$ 710 million, falling short of market expectations that projected R$ 731 million.
Physical store performance was a positive highlight with a 10% increase in sales, totaling R$ 5.2 billion. Conversely, the e-commerce channel recorded a 9.8% drop in total sales. Online sales of proprietary products fell 8.6% during the period.
Management attributed the results to a landscape of aggressive interest rates that impact consumption and financial costs. The company is now seeking to consolidate its leadership in specific categories and strengthen its omnichannel strategy to navigate the challenging macroeconomic environment.
The financial performance of Brazilian retailers directly reflects monetary policy. This may increase stock volatility on the Ibovespa due to the sector's sensitivity to credit costs.
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