The magazine Luiza (MGLU3) has adjusted the loss of R $ 146 million in the third quarter; Total sales reach R$ 14 billion, up 2%

Luiza magazine (MGLU3) reported an adjusted web loss (excluding non-recurring results equivalent to tax credit {and professional} charges) of R$146 million in the third quarter of 2022, and alter the fastened revenue of R$22.6 million from the identical interval final yr and worse than Refinitv’s settlement, which indicated a loss of R$60 million.

If not adjusted, the loss is BRL 166.8 million, in comparison with a revenue of BRL 143.5 million in the identical interval in 2021.

Revenues elevated by 2.3%, from R$ 8.612 billion to R$ 8.8 billion in the identical yr. In phrases of income, Refinitiv’s settlement reported income of R $9.06 billion.

(*14*) earnings earlier than curiosity, taxes, depreciation and amortization (Ebitda) elevated 50.3% year-on-year to R$527.5 million; the Refinitiv forecast is R $549 million.

Accordingly, the adjusted Ebitda margin elevated by 1.9 proportion factors, from 4.1% to six%. According to the firm, that is the highest month-to-month Ebitda phase since 2020.

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Magalu’s whole sales reached R$14 billion in 3Q22, up 2% year-on-year.

E-commerce reached greater than R $10 billion in sales in the quarter, up 3% from 3Q22. Retail sales (3P) have been round R$ 3.5 billion in the quarter, a 1% enhance in comparison with the identical interval final yr.

“Market enlargement is quicker in new classes. In 3Q22, sales of items in new classes, equivalent to style, residence and backyard, sports activities, magnificence and equipment, grew automobiles, grew at double-digit ranges.This quarter, style and wonder manufacturers elevated by 45% and 52% respectively in the Magalu market.

“The Magalu market reached the mark of 236 thousand patrons and 81 million gives out there on the market. In one yr, 116,000 new patrons joined the platform, most of them joined by the Magalu Partner, inspired by the efficiency of bodily shops to draw new companions with the Magalu Caravan “, mentioned the firm.

In bodily shops, sales have been R $ 4 billion in the quarter, development 1% in comparison with 3Q21.

In 3Q22, sales bills reached R$1.5 billion, equal to 17.6% of web revenue, with a lower of 0.8 proportion factors (pp) in comparison with the identical interval in 2021. The applications intention to optimize advertising and marketing and logistics bills, in addition to decreasing deliberate bills,” mentioned Magalu.

General and administrative bills totaled R$334.3 million, equal to three.8% of income, together with the consolidation of corporations acquired in the previous 12 months.


The whole quantity of processed transactions (TPV) of the firm’s fintech reached R$ 22.1 billion in the quarter, a rise of 19.6%. MagaluPay, above the mark of 7.8 million digital accounts.

In collaboration with Itaú, Luizacred, misplaced $ 30 million, for R $ 15 million entered the financial institution of the service provider. In the declining sector, unemployment claims inside 90 days signify 9.2% of the whole, returning to the earlier indicators from the pre-epidemic interval, a extra, says Belíssimo.


In the quarter that ended in September, working revenue was R $324 million, influenced by the distinction in working capital. Magalu ended the interval with a web money place of R$1.8 billion and a complete revenue of R$9 billion, contemplating money and financial institution investments of R$2.1 billion and bank cards.

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