Q1 2026 Azzas 2154 SA Earnings Call Transcript

May 8, 2026 / 02:00 PM GMT

Release Date Price: R$20.4 (-8.60%)

Transcript

Key Points

Positve

Azzas 2154 SA (BSP:AZZA3) reported strong growth in its premium women's apparel brands, with Chris Burrows growing by 21%, Maria Fila by 18%, and Envy by 8%.
The Farm Rio brand achieved significant international growth, with a 21% increase in dollar revenue and a consolidated revenue of $760 million in one quarter.
The company successfully reduced its CapEx by 27% year-over-year, demonstrating effective cost management.
Azzas 2154 SA (BSP:AZZA3) improved its cash cycle by reducing it by 20 days year-over-year, highlighting operational efficiency.
The company maintained a strong cash position with a cash generation of BRL1.5 billion over the past 12 months, indicating robust financial health.

Negative

Azzas 2154 SA (BSP:AZZA3) experienced a significant decrease in gross revenue, dropping by 4.4% year-over-year.
The company faced challenges with its Vans and Erin brands, which together accounted for a revenue drop of BRL169 million.
Recurring EBITDA dropped by 23% year-over-year, with a reduction in EBITDA margin by 2.7 percentage points.
The company reported a 45% drop in recurring net income year-over-year, with a net margin of only 2.6%.
Azzas 2154 SA (BSP:AZZA3) is dealing with inventory challenges, particularly with the Vans brand, impacting the multi-brand channel.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AZZA3.SA - Azzas 2154 SA
Q1 2026 Azzas 2154 SA Earnings Call
May 08, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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As of 2021-55 about the results for 1Q26. I'm going to start with the agenda, and we're going to start with a message from our CEO, Ashanti Bierman, with the highlights of the quarter and the different business units. And then he'll pass the floor to us CFO, Eric Alenkar, who's going to highlight the financial information, and we will finish with the Q&A session. I would like to pass the floor to our CEO, Alicia Berman.

Good morning, everyone.

Thank you for being here with us at this video call on the results of the 1Q 2026. As Bianca said, when I'm here...

With our CFO, Eric Alecar. For those who don't know, Eric Alecia de Alecar.

I would like to hear more of my words because the message here will stay.

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