Lojas Renner Q3 net income falls 11.8% YoY to R$246M, misses on adjusted basis

Brazilian retailer Lojas Renner reported Q3 net income of R$246 million, down 11.8% year-over-year, with adjusted net income falling 24.5% to R$187.1 million after excluding extraordinary items. The miss suggests weakening consumer demand and margin pressure in Brazil's retail sector, which could signal broader economic softness.

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