Grupo Mateus SA (BSP:GMAT3)

Q2 2026 Grupo Mateus SA Earnings Call Transcript

Aug 14, 2026 / 02:00 PM GMT

Release Date Price: R$3.98 (+5.01%)

Transcript

Key Points

Positve

Grupo Mateus SA (BSP:GMAT3) reported strong revenue growth of 8% in the second quarter, driven by robust same-store sales performance.
The company's cash and carry channel showed significant acceleration, with growth outpacing the overall Brazilian market, particularly in the Northeast region.
Gross margin remained resilient despite a challenging macroeconomic environment, supported by strong commercial execution and a favorable product mix.
The company successfully opened new stores and expanded its logistics network, enhancing its operational capacity and market reach.
Management highlighted ongoing improvements in productivity and operational efficiency, with sequential margin expansion expected in the second half of the year.

Negative

Grupo Mateus SA (BSP:GMAT3) faced a challenging macroeconomic scenario in Brazil, with high interest rates and inflationary pressures impacting consumer spending.
Same-store sales growth, while positive, was partially offset by a slowdown in the broader Brazilian retail market, especially in the South and Southeast regions.
The company experienced significant logistical difficulties in new regions, leading to higher operational costs and initial inefficiencies.
Gross margin was under pressure due to intense competition and promotional activity, particularly in the cash and carry segment.
Management noted that the current environment remains uncertain, with potential risks to future performance if macroeconomic conditions do not improve.

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

GMAT3.SA - Grupo Mateus S.A.
Q2 2026 Grupo Mateus SA Earnings Call
Aug 14, 2026 / 02:00PM GMT

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Presentation
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Bom dia todos, y obrigado por aguardarin, se yo muento ben vindos a video conferencia di vuga sandos esotados do segundo trimestri ti do smi vintseis do grupo mateos.

Para quieres qui precisarin di trados sans simultania, basta clicarno botan interpretation a travesto ico nido global na parti inferior d'atella, y escodero se vidioma di preferencia, Portuguese or English.

Para que res o vinda video conference in English, ao pisan di mutaro audio original in Portuguese. Click on the mute original audio.

Informamos que esta video conferenci esta sendo gravada, is sera despon y bilizada nos saiti de rida companya, on di sin contra despon iveo uo material completo da vugasan de resutados.

Epos civil faso

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