Q4 2024 Lojas Quero-Quero SA Earnings Call (English, Portuguese) Transcript
Key Points
- Lojas Quero-Quero SA (BSP:LJQQ3) achieved a 12% growth in sales in Q4 2024 compared to the same period last year.
- The company expanded its footprint by opening five new stores in Q4, ending the year with a total of 573 stores.
- Adjusted EBITDA grew by 37% in Q4 and accumulated a 48% growth for the year.
- The digital channel accounted for 25% of sales, indicating a strong online presence.
- The company was recognized as a top employer in Brazil for the third consecutive year, highlighting its strong people management practices.
- The average ticket size did not increase significantly despite the growth in sales.
- The company faced macroeconomic challenges, including a drought in Pontal do Paranapanema and floods in Rio Grande do Sul.
- 12 stores were completely flooded, impacting operations and requiring significant recovery efforts.
- Same store sales dropped by 3% in 2024, although the volume remained stable.
- There was a deflation in the products sold, which affected the same store sales negatively by 5% in previous years.
Welcome and thank you for standing by. I'm Paula Lopes. I am manager and today with me Mr.Jean Pablo de Mello, CFO and Mr. Peter Furukawa, CEO. Welcome to this conference call to disclose the results of Lojas Quero-Quero.
We can move on now to slide three. The presentation will talk about our pillars, expansion and projects and will be followed by a discussion of the results of the quarter, and then we will take any questions you might have. We now move on to slide four and I turn the floor over to Mr. Furukawa.
Good morning to all. It's a great pleasure to be here today with you to share the results of Q4 2024. It was a year of challenges, but also. Achievements which reflect the strength and resilience of our company and our team.
Slide two, you see our pillars, we continue with our commitment to five strategic pillars which guide us in terms of earning market share, we moved forward in the sense that in Q4 our sales grew 12% relative to the same period last year. Retail sales
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