Americanas Reports Q3 Loss After Exit From Judicial Reorganization

The first quarterly report since the company formally left restructuring shows revenue growth paired with a steep fall in adjusted EBITDA, signaling pressure on its ability to restore operating cash flow.

Overview

The company posted a net loss of R$352 million for the third quarter, reversing a R$367 million profit a year earlier.
Adjusted EBITDA plunged about 90.7% to R$52 million while net revenue rose roughly 10.3% to R$2.96 billion for July–September.
Americanas ended the quarter with reported net debt of R$1.16 billion and R$1.4 billion when remaining reorganization liabilities and certain sales receivables are included.
Management is shifting the business to a digital‑to‑offline model that starts purchases online and completes them in smaller, better stocked stores as a way to raise ticket size and cut store costs; digital sales now account for about 6% of total revenue.
The results come after the 2023 revelation of at least R$25.3 billion in inflated accounting, and criminal charges against former executives remain active as the company continues to meet creditor payment plans set in the restructuring.