Quero-Quero stock posts wider loss despite sales recovery

Published on 11/10/2026 at 02:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Quero-Quero stock faces a wider third-quarter loss despite stronger same-store sales. Revenue improved, but adjusted EBITDA and financial-services growth weakened.

Quero-Quero balances recovery and pressure

Same-store sales rose 12% in the third quarter after declining 11.6% a year earlier.
Adjusted EBITDA fell 37.5% to BRL 3.2 million as the company maintained stricter credit standards.
Management is testing a five-day workweek with two weekly rest days at 104 stores.

Quero-Quero, BRLJQQACNOR5, Illustration mit AI erstellt.

Lojas Quero-Quero reported a wider third-quarter loss on November 6, as a recovery in store sales was offset by weaker profitability and slower financial-services growth. According to El Fondo, the Brazilian retailer's net loss reached BRL 46.9 million, up 11.3% from the same quarter a year earlier.

Sales recovery meets margin pressure

Net revenue increased 7.9% to BRL 750.4 million. Same-store sales rose 12%, reversing an 11.6% decline in the prior-year quarter, while retail revenue gained 13.1% to BRL 595.5 million.

The earnings mix remained challenging. EBITDA declined 3.1% to BRL 34.4 million, while adjusted EBITDA, excluding stock-option expenses and non-recurring items, dropped 37.5% to BRL 3.2 million. Financial-services revenue rose 2.5% to BRL 241.1 million, and credit-card revenue increased 1.5% to BRL 27.7 million.

Credit discipline remains central

Management attributed the slower financial-services performance to a more restrictive approach to credit approvals adopted at the start of the year. For the first nine months, the net loss reached BRL 159.8 million, 34% above the comparable period, while net revenue rose 6.8% to BRL 2.17 billion.

Adjusted net debt fell 9.7% to BRL 385.7 million, although adjusted net debt relative to annualized EBITDA rose to 2.8 times from 2.4 times a year earlier. The figures leave the recovery in sales competing with pressure on earnings quality and leverage.

Regional retail and financial platform

Quero-Quero sells building materials alongside appliances and furniture through a regional store network and also operates the VerdeCard financial platform. A Quartr summary said the company had 578 stores in September 2026 across 497 cities, with 97% of locations in cities below 300,000 residents. Its combination of retail and financial services gives it a specialized regional position, while larger home-improvement chains compete for the same household spending.

The company also began testing a five-day workweek with two weekly rest days during the quarter. Management said 104 stores were operating under the format and that the experience would guide a wider rollout.

Brazilian retail shares trade in the context of the Bovespa market environment.

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