Magazine Luiza: Adjusted EBITDA margin hit 7.9% in 2Q24, the highest since 2019, with strong sales growth

About this update from Magazine Luiza S.a.

Magalu delivered 4% sales growth in 2Q24, with adjusted EBITDA up 62% and net cash at R$2.0 billion. Gross margin rose 2.1 p.p., and a new Alibaba partnership will expand product offerings. Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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