Q4 2025 Lojas Quero-Quero SA Earnings Call Transcript
Key Points
- Lojas Quero-Quero SA (BSP:LJQQ3) achieved a total gross revenue growth of 3% in the fourth quarter, reaching BRL858 million.
- The company successfully opened two new stores in the fourth quarter, ending 2025 with a total of 586 stores in operation.
- The VerdeCard portfolio maintained a delinquency rate of 11.1%, in line with historical levels, showcasing the resilience of their credit card model.
- Phygital sales reached a record 28% of total sales in the fourth quarter, marking a 3 percentage point increase compared to the previous year.
- The company demonstrated strong cost control, with administrative expenses dropping by 2% compared to the previous year, despite an increase in the store base.
- Same-store sales declined by 2% in the fourth quarter, reflecting the challenging economic environment.
- The company faced a significant drop in gross margin, ending the year with a 22.4% gross margin for retail, a decrease from 2024.
- Lojas Quero-Quero SA (BSP:LJQQ3) reported a net loss of BRL43 million in the fourth quarter, highlighting the impact of high interest rates and weaker demand.
- Operating expenses grew by 3.7% in the fourth quarter, indicating pressure on the company's cost structure.
- The company experienced a cash consumption higher than expected due to a drop in sales during the second and third quarters, impacting working capital.
Good morning, everyone, and welcome to Lojas Quero-Quero's fourth quarter 2025 earnings conference call. My name is Igor Sehn, Financial Planning and Investor Relations Manager. And joining me today are Peter Furukawa, the Chief Executive Officer; Jean Pablo de Mello, Chief Financial Officer and Investor Relations Officer.
To begin the presentation, please turn to the agenda on slide 3. On today's agenda, initially we will present our strategic pillars followed by expansion and projects. Next we will present the quarterly and full year results. And finally, we will open the floor for questions and answers. To submit questions, please use the Q&A icon in Zoom.
We will now go on to slide number 4, and I'll turn the floor over to Peter.
Dear shareholders and colleagues, it is a pleasure to be here once again to share with you the main results for the fourth quarter and for the full year 2025
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