Q2 2024 Zamp SA Earnings Call (English, Portuguese) Transcript
Key Points
- Zamp SA (BSP:ZAMP3) achieved a quarterly record net operating revenue of BRL1.1 billion, marking a 19% growth compared to the same period last year.
- The company reported a significant increase in digital sales, which grew by 30% year-over-year, now accounting for 51.2% of total sales.
- Adjusted EBITDA grew by 21% to BRL149 million, with an impressive 43% growth in adjusted EBITDA ex-IFRS 16, reflecting strong operational leverage.
- Zamp SA opened three new franchises in the quarter, aligning with its strategy to optimize its restaurant portfolio.
- The company continues to prioritize modernization and remodeling of restaurants, focusing on enhancing customer experience and operational efficiency.
- Despite the growth, the company closed three operations, indicating ongoing challenges in optimizing its restaurant portfolio.
- The pace of store openings, particularly for the Popeyes brand, has slowed, reflecting potential challenges in expansion strategy.
- There is ongoing pressure from commodity costs, which, although currently favorable, could impact future profitability.
- The company reported a loss of BRL28 million, albeit a reduction of 57% compared to the same period last year.
- Zamp SA is in a transition phase, with 2024 being a year of adjustment, particularly for the Popeyes brand, which may affect short-term growth.
Good morning, everyone, and thank you for waiting. Welcome to the second-quarter 2024 earnings conference call from Zamp. (Operator Instructions)
Please note that this conference is being recorded and will be made available by the company's Investors Relation website, www.ri.zamp.com.br, where the full earnings release material is also available. (Operator Instructions)
We would like to remind you that the information contained in this presentation and any statements that may be made during the conference call regarding the company's business outlook, projections, financial, and operational constitutes the beliefs and assumptions of the company's management, as well as information currently available.
Forward-looking statements are not guarantee of performance. They involve risks, uncertainties and assumptions, and they relate to future events, and therefore depend on circumstances that may or may not occur. Investors should understand that general economic conditions, market conditions and other operational
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