Business · Companies · 9 hrs ago
Magazine Luiza’s third-quarter profit falls 34.6% to R$13.9 million
Brazilian retailer Magazine Luiza reported lower profit for the third quarter of 2026.
Its adjusted net profit was R$13.9 million, down 34.6% from the same quarter a year earlier.
Net revenue slipped 0.9% to R$8.9 billion, while total sales fell 3.6% to nearly R$14.6 billion.
The results showed a split between channels: same-store physical sales grew 9.5%, but total e-commerce sales fell 9.8%.
The company said physical stores, a slightly wider gross margin and control of operating costs helped support profitability.
Adjusted earnings before interest, taxes, depreciation and amortization edged down 0.2% to R$710.1 million, with the margin holding at 7.9%.
The figures point to weaker overall sales despite stronger store performance, and the company has also been expanding sales through outside online marketplaces, including a recently announced partnership with Shopee.
Magazine Luiza reported adjusted net profit of R$13.9 million for the third quarter of 2026, down year on year.
Folha reported the decline as 34.6%, while UOL reported it as 34.4%.
Adjusted EBITDA fell 0.2% to R$710.1 million, and its margin remained at 7.9%.
Net revenue was R$8.9 billion, down 0.9% from the same quarter of 2025.
Physical-store sales grew, while total e-commerce sales declined.
- Who
- Magazine Luiza, the Brazilian retailer.
- What
- It reported third-quarter adjusted net profit of R$13.9 million. The year-on-year decline was reported as 34.6% by Folha and 34.4% by UOL.
- When
- The third quarter of 2026; the company reported the results on Monday, November 9.
- Where
- Not stated
- Why
- The company said the result mainly reflected the performance of its physical stores and an expansion in gross margin.
This story does not have two clearly opposing sides.
Magazine Luiza formed a partnership with AliExpress.
Magazine Luiza made agreements with Amazon and Mercado Livre.
Magazine Luiza announced a partnership with Shopee to sell products from its own inventory on the marketplace.
Magazine Luiza reported its third-quarter results.
- Adjusted net profit
- R$13.9 million
- Year-on-year profit decline
- 34.6% in Folha; 34.4% in UOL
- Adjusted EBITDA
- R$710.1 million, down 0.2% year on year
- Net revenue
- R$8.9 billion, down 0.9% year on year
- Physical-store same-store sales
- Up 9.5%
- Total e-commerce sales
- Down 9.8%
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What people are saying
In addition, rigorous control over operating expenses and the solid performance of Luizacred also contributed to profitability in the quarter.