On Thursday, August 6, 2026, Lojas Renner (LREN3) announced that it has revised its guidance for annual growth in retail Net Operating Revenue (ROL) for 2026, from a range of 9% to 13% to a range of 4% to 8%. According to the company, the revision reflects net operating revenue performance below plan in the second quarter of 2026, impacted by a stronger-than-usual decline in customer traffic at physical stores during the World Cup, exceeding the intensity observed historically, in addition to the effects of a more challenging macroeconomic environment.
The company stressed that the other projections included in its Reference Form remain unchanged, including the target for annual growth in retail ROL between 9% and 13% for the period from 2027 to 2030. Among the other indicators, Lojas Renner maintains its projection for pre-IFRS 16 retail EBITDA margin (earnings before interest, taxes, depreciation and amortization) between 18% and 20% through 2030, financial services results between 8% and 12% of total adjusted pre-IFRS 16 EBITDA from 2026 to 2030, and return on invested capital (ROIC) close to 20% through 2030.
The company also projects a reduction of 2.5 to 3.5 percentage points in retail operating expenses as a share of ROL between 2025 and 2030, annual capex between 6% and 7.5% of retail ROL from 2026 to 2030, and annual profit distribution between 50% and 80% over the same period. By 2030, Lojas Renner expects to reach between 570 and 600 Renner-brand stores in Brazil and between 260 and 290 Youcom stores.
Regarding investments and store openings through December 31, 2026, Lojas Renner maintains its projection for fixed capital investments of R$ 1,050 million, in addition to the opening of 22 to 30 Renner stores in Brazil, 23 to 25 Youcom stores, and around 5 Camicado stores. The company also reported that, due to the update to its 2026 retail ROL growth projection, its Reference Form will be resubmitted in due course, in accordance with applicable regulations.
