By Brasil Stock Guide – Americanas SA (BVMF: AMER3) reported a sharp improvement in second-quarter results, cutting its net loss to 98 million reais ($17.8 million) from 1.86 billion reais a year earlier, as stronger store performance and seasonal sales events drove revenue growth. The figures were disclosed on Tuesday by Valor Econômico.
For the first half, the company posted a 594 million reais loss, compared with 1.41 billion reais in the same period of 2024. Americanas said year-on-year comparisons were affected by the accounting of interest and monetary variation on its restructuring-related debt, which were booked until the debt novation in the third quarter of last year.
Revenue and sales performance
Net revenue rose 24.7% in the second quarter from a year earlier to 3.84 billion reais, driven mainly by Easter sales — the main retail event of the first half — and higher service revenue. First-half net revenue increased 1.7% to 6.9 billion reais.
Same-store sales climbed 11.8% in the six months through June, with the company ending the quarter with 1,521 stores, unchanged from March.
Gross merchandise volume (GMV) reached 5.2 billion reais in the second quarter, up 15.6% from a year earlier. GMV from brick-and-mortar stores surged 35.7% to 4.35 billion reais, while online sales slumped 68.7% to 213 million reais.
Margins and debt
Selling, general and administrative expenses rose 3.5% to 1.05 billion reais in the quarter. Adjusted Ebitda jumped to 329 million reais from 25 million reais a year ago.
Americanas closed June with gross debt of 1.9 billion reais, including 1.8 billion reais in debentures and 54 million reais in loans and financing. Cash on hand stood at 103 million reais.