Magazine Luiza S.A. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was BRL 13,062.5 million compared to BRL 13,515.8 million a year ago. Revenue was BRL 10,549.7 million compared to BRL 11,167.4 million a year ago. Net income was BRL 101.5 million compared to net loss of BRL 15.2 million a year ago.

For the full year, the company reported sales was BRL 45,591 million compared to BRL 45,189 million a year ago. Revenue was BRL 36,768.1 million compared to BRL 37,299 million a year ago. Net loss was BRL 550.1 million compared to BRL 372.1 million a year ago.