Grendene S.A. (GRND3) Earnings Call Transcripts

Grendene S.A.'s Latest Earnings Call - Q1 FY2026

In Q1 2026, Grendene S.A. reported a challenging quarter with a net revenue decline of 3.2% to BRL 683 million, driven by a 7.8% drop in international sales. Earnings were pressured, with a net result of BRL 122 million, down 24% year-over-year. Management highlighted a strategic shift towards more accessible product categories due to economic pressures on consumers. No changes were made to dividend policies, maintaining a focus on shareholder returns despite financial headwinds.

Reported metrics

Guidance from management

Management did not provide specific forward guidance but emphasized maintaining dividend policies and adapting product strategies to market demands.

What management said

Today, we have this program. It's open already. But it's much more related to rebuying stocks to actually go to our program of stock options. Grendene today cannot rebuy stocks because we don't have autonomy, we don't have an accumulated profit because we redistributed our profits, 100%. So we cannot do this action unless we don't distribute dividends anymore, and then we can rebuy our stocks.

Once again, thank you so much for your presence in our video conference, our video call. Thank you. These were the results of the first quarter of 2026. If you have any further questions, our team is there to answer questions, whatever questions you need. And so have a great weekend. Thank you so much.

What analysts pressed on

Analysts questioned the shift towards lower value-added products and its impact on profitability. Concerns were also raised about the ability to repurchase shares given the current dividend policy.

Main topics on the call

• Domestic Market Performance — The domestic market showed resilience with a 9.3% growth in volume, driven by accessible brands like Ipanema and Rider. However, net revenue retracted by 1.5% due to lower value-added product sales.
• International Market Challenges — International sales fell by 7.8%, affected by geopolitical conflicts and competition from Asian products. Freight costs and delivery delays further impacted performance.
• Product Mix Shift — Grendene adapted its product mix to focus on more accessible categories, impacting gross profit margins, which decreased by 3.6 percentage points to 43.1%.
• Melissa Brand Performance — Melissa faced a challenging retail environment with a 12.7% decrease in store volume, but online sales grew robustly by 18.3%, now representing nearly 20% of domestic sales.

Read the full Grendene S.A. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 24 Grendene S.A. earnings call transcripts on record, spanning February 14, 2020 to May 8, 2026. Based on this history, Grendene S.A. reports quarterly. The most recent call on file is dated May 8, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

GRND3

Exchange

BOVESPA

Country

BR

Sector

Consumer Discretionary

Industry

Textiles, Apparel and Luxury Goods

Calls on record

24

First call

February 14, 2020

Most recent

May 8, 2026

Reporting cadence

quarterly