Lojas Renner (LREN3) posted net income of R$ 246.4 mn in 3Q26, down 11.8% from the same period in 2025, when it totaled R$ 279.4 mn. The company attributes the result to the operating performance of retail and financial services. Earnings per share were R$ 0.2583, down 7.8%.
Net retail revenue totaled R$ 3,029.4 mn, a decrease of 1.6%, with same-store sales 2.5% lower. The company cites more selective consumption, high interest rates and household debt, competition from international platforms, and the effect of the World Cup games at the start of the quarter. Renner revenue was R$ 2,753.4 mn (-2.4%), Youcom's was R$ 138.8 mn (+14.0%) and Camicado's was R$ 137.2 mn (+1.5%). Digital GMV (online sales volume) rose 3.7% to R$ 705.1 mn, accounting for 17.5% of retail sales.
Retail gross profit was R$ 1,680.4 mn (-0.9%), with a margin of 55.5%, up 0.4 p.p. Retail operating expenses fell 1.1% to R$ 1,195.9 mn. Retail EBITDA (earnings before interest, taxes, depreciation and amortization) reached R$ 530.3 mn, up 3.2%, with a margin of 17.5%. In the other revenues line, the quarter included PIS and COFINS tax credits; excluding this effect, retail EBITDA was R$ 484.5 mn, with a margin of 16.0%. Total adjusted EBITDA was R$ 570.9 mn, down 3.9%, with a margin of 18.8%.
Realize, the financial services arm, posted a result of R$ 40.7 mn, down 49.0%, with credit losses of R$ 297.5 mn (+13%). Free cash flow was R$ 423.4 mn, and net cash was R$ 1.2 bn at the end of September. Last-twelve-month ROIC (return on invested capital) reached 14.8%, up 0.4 p.p.
Renner allocated R$ 227.5 mn in JCP (Interest on Equity) in the quarter, or R$ 0.240666 per share, payable starting October 14, 2026, and repurchased R$ 187.3 mn in shares. The company decided to discontinue its net revenue growth guidance for 2026 and for 2027 to 2030, due to greater uncertainty in the outlook. The other projections were maintained, as was the target of opening 50 to 60 stores in 2026; in nine months, there were 22 openings.
