Brazil’s Magalu Profits Despite 15% Interest Rates

2026-03-13 - 10:03

3 Key Points —Magazine Luiza posted adjusted net income of R$124.7 million ($24M) in 4Q25, down 10.5% year-on-year but crushing Bloomberg consensus of just R$30 million, proving the retailer can still generate profit with Brazil’s benchmark Selic rate at 15%. —Physical-store sales surged 8.7% to R$6.0 billion ($1.15B), with same-store sales up 8.4%, gaining market