Under court-supervised restructuring, Casas Bahia postpones third-quarter earnings to December
The retailer says it needs more time to complete and review its accounting information; results were due on Wednesday (11) and are now scheduled for December 10.
Translated from the Portuguese original by the Panorama newsroom. Read in Portuguese
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Casas Bahia told the market, in a statement released on Friday (6), that it has postponed to December 10 the release of its third-quarter earnings, originally scheduled for next Wednesday (11), according to Folha.
According to the retailer, additional time is needed to complete the preparation, consolidation and review of its accounting and financial information. The company linked the change to its court-supervised restructuring (recuperação judicial) and said the extended schedule seeks to ensure the consistency and accuracy of its financial statements, as well as compliance with regulatory requirements.
The group filed for court-supervised restructuring on August 17, with declared debt of R$ 17.3 billion. The filing covers ten companies in the holding, including the Casas Bahia and Ponto Frio brands, the e-commerce site Extra.com and furniture maker Bartira, as well as logistics and technology subsidiaries.
The restructuring was approved by São Paulo courts in October. In the ruling, Judge Taina Maria Leonardo de Oliveira recognized that the retailer met the legal requirements.
The filing came about two years after the company had a court ratify, in April 2024, an out-of-court restructuring that reorganized R$ 4.8 billion in financial debt. The company exited that process three months later.