Empreendimentos Pague Menos SA
BOVESPA:PGMN3
Empreendimentos Pague Menos SA
Empreendimentos Pague Menos SA engages in the retail of medicine, perfumes, toiletries, beauty products, cosmetics, and skin care products. The company is headquartered in Fortaleza, Ceara and currently employs 25,701 full-time employees. The company went IPO on 2020-09-02. Through a drugstore chain, the Company sells medicines, perfumes, personal care and household products, cosmetics, as well as grocery goods, among others. Additionally, It offers a range of financial services, such as bill collection and credit card issuing. The firm also operates a call center that provides information related to drugs usage.
Empreendimentos Pague Menos SA engages in the retail of medicine, perfumes, toiletries, beauty products, cosmetics, and skin care products. The company is headquartered in Fortaleza, Ceara and currently employs 25,701 full-time employees. The company went IPO on 2020-09-02. Through a drugstore chain, the Company sells medicines, perfumes, personal care and household products, cosmetics, as well as grocery goods, among others. Additionally, It offers a range of financial services, such as bill collection and credit card issuing. The firm also operates a call center that provides information related to drugs usage.
Same-Store Sales: Pague Menos posted same-store sales growth of 17.6%, marking four consecutive quarters above 17% and outpacing inflation by about 5 times.
Revenue Growth: Total revenue rose 18%, with prescription drugs and generics driving strong structural growth across all regions.
EBITDA Margin: Record quarterly EBITDA margin reached 6.3%, up 36.4% year-over-year, driven by higher sales, improved margins, and expense dilution.
Net Income: Net income hit BRL 81 million for the quarter (up 50% YoY) and BRL 231 million LTM, a sharp turnaround from losses in 2023.
Market Share: Market share rose to 6.7% (up 40 bps YoY), with particularly strong gains in the Northeast region.
Customer Base: Active customers grew 5% to 22.2 million, with increased average ticket size and frequency from continuous care customers.
Working Capital: Working capital days increased due to higher installment sales of fast-growing drugs like GLP-1s, but management expects improvement from stricter installment policies.
Black Friday & Strategy: Management highlighted a major Black Friday campaign and reaffirmed focus on operational discipline, customer care, and efficiency gains.
