Americanas (AMER3) posted a net loss of R$ 329 million in the first quarter of 2026 — a 34% reduction from the R$ 496 million loss in the same period of 2025, according to earnings released Wednesday. The retailer, which has been under judicial recovery since January 2023 after discovering R$ 25.3 billion in accounting inconsistencies, expects to exit the process in the third quarter of this year. ✓
Press quotes (2)
"A Americanas (AMER3) registrou uma melhora de 34% no prejuízo líquido no primeiro trimestre de 2026, em comparação com o mesmo período no ano anterior. O resultado foi dos R$ 496 milhões negativos no primeiro trimestre de 2025 para R$ 329 milhões negativos no 1T26."
"On the evening of January 11, 2023, the retailer Americanas announced the discovery of "accounting inconsistencies" amounting to R$20 billion, later updated to R$25.3 billion, causing a market upheaval."
Net revenue rose 20.2% in the period to R$ 3.08 billion, driven by an Easter season that saw 21% growth in chocolate egg sales. Adjusted EBITDA — which excludes judicial recovery expenses — was positive at R$ 15 million, reversing the negative R$ 26 million result from Q1 2025. Same-store sales grew 22% in the quarter. ✓
Press quotes (2)
"A receita líquida teve uma melhora de 20,2% na comparação ano ao ano, alcançando os R$ 3,08 bilhões no acumulado dos três primeiros meses do ano."
"A Páscoa foi um marco, com crescimento de 21% em ovos de chocolate e forte atuação integrada, que levou mais de 100 milhões de consumidores às lojas, site e app da Americanas durante todo o evento"
The company filed its request to exit judicial recovery at the end of March, according to CFO Sebastien Durchon in an interview with Reuters. "We have advanced since March, with a favorable opinion from the Public Ministry. Now it's in the judge's hands," he said. Americanas is also continuing asset sales: it announced the sale of 10 unprofitable Hortifruti Natural da Terra stores for R$ 69.3 million and is negotiating the sale of real estate valued between R$ 346 million and R$ 468 million. ✓
Press quotes (2)
"Fizemos pedido no final de março. Agora tem o trâmite burocrático. Já avançamos desde março, com parecer favorável do Ministério Público. Agora está nas mãos da juíza. Os advogados acreditam que a saída efetiva seja no terceiro trimestre deste ano"
"a companhia também anunciou nesta quarta-feira que assinou com o Oba Hortifruti a venda de 10 lojas deficitárias da Hortifruti Natural da Terra, localizadas no Estado de São Paulo, no valor de R$69,3 milhões."
Americanas had a net loss of R$ 329 million in the first quarter of 2026, a reduction of about 34% compared to R$ 496 million in the same period of 2025
Net revenue grew about 20% in the period, reaching approximately R$ 3.08 billion
Covered by only some sources, or where the accounts diverge.
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What is the current status of compliance with Americanas' judicial recovery plan milestones originally established?
Why it's still unknown: The press does not detail whether the restructuring plan deadlines and targets are being met according to the original schedule approved in 2023.
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Do the first quarter numbers incorporate or exclude the effects of accounting revisions stemming from the 2023 scandal?
Why it's still unknown: Attempt to obtain Americanas' official ITR from the investor relations website failed, and the press does not clarify whether the comparison base was adjusted.
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What is the current status of criminal investigations related to the R$ 25.3 billion accounting inconsistencies?
Why it's still unknown: Coverage focuses on financial results but does not update on the progress of cases against former management.