Lojas Quero-Quero First Quarter 2024 Earnings: EPS: R$0.28 (vs R$0.12 loss in 1Q 2023)

Lojas Quero-Quero (BVMF:LJQQ3) First Quarter 2024 Results

Key Financial Results

• Revenue: R$588.3m (up 4.7% from 1Q 2023).
• Net income: R$53.9m (up from R$22.4m loss in 1Q 2023).
• Profit margin: 9.2% (up from net loss in 1Q 2023). The move to profitability was primarily driven by lower expenses.
• EPS: R$0.28 (up from R$0.12 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Lojas Quero-Quero Earnings Insights

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in Brazil.

Performance of the Brazilian Specialty Retail industry.

The company's shares are up 3.6% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Lojas Quero-Quero (of which 1 is significant!) you should know about.

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