In brief
Riachuelo earned about R$ 85 million in 3Q26.
Revenue rose 3.5%.
What we know
04Verified fact · material
Riachuelo (GuararapesRiachueloOrganizationFashion retailer owning Riachuelo and the Midway card, listed on B3 as RIAA3.Open in the Market Map ↗) posted net income of about R$ 85 million in 3Q26, up 61.3% from 3Q25.
Profit.
Verified fact
According to Exame, MidwayRiachueloOrganizationFashion retailer owning Riachuelo and the Midway card, listed on B3 as RIAA3.Open in the Market Map ↗ over-90-day delinquencyCredit StressThemeBrazil's corporate and consumer credit deterioration cycle, measured by delinquency, reorganization filings and lending conditions.Open in the Market Map ↗ rose from 17.7% to 19.4% of the portfolio.
Credit.
Sources[01]
Transmission to assets
Market read-through
Higher profit coexists with worsening store-card defaults.
Portfolio impact
01RIAA3positive
Profit up.
Defaults rise.
What would change the view: Firm sales.
Direction is an explanatory hypothesis, not a forecast or recommendation.
Next signals
What to watch
- MidwayRiachueloOrganizationFashion retailer owning Riachuelo and the Midway card, listed on B3 as RIAA3.Open in the Market Map ↗ defaults
- Holiday sales
Limits of the reporting
What remains uncertain
- The increase excludes or includes MidwayRiachueloOrganizationFashion retailer owning Riachuelo and the Midway card, listed on B3 as RIAA3.Open in the Market Map ↗ Mall depending on the source.