Empreendimentos Pague Menos SA
5.35
BRL
-0.28
(-4.97%)
Empreendimentos Pague Menos SA
B3:PGMN3F
(B3)
Recent
price
5.35
P/E
ratio
- -
div
yld
2.81%
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Empreendimentos Pague Menos S.A. is a Brazil-based company primarily engaged in the drug retail sector, operating the Pague Menos pharmacy chain. Founded in 1981 and headquartered in Fortaleza, Ceará, the company sells a wide range of products including prescription and non-prescription medicines across various therapeutic areas such as pediatrics, oncology, psychiatry, urology, orthopedics, dermatology, contraception, endocrinology, and geriatric care; personal care and beauty products including deodorants, intimate care, oral hygiene, dermo-cosmetics, and cosmetics; household products; groceries; supplements; first aid items; infant care products such as diapers and accessories; and convenience products. The company also provides complementary health services through Clinic Farma units offering individualized treatment monitoring, blood pressure and diabetes checks, vaccinations, laboratory tests, and injectables. Additionally, Pague Menos offers financial services including bill collection and credit card issuance and operates a call center for drug usage information. In recent years, Empreendimentos Pague Menos has focused on transforming itself into a comprehensive health hub, integrating physical stores with digital channels which now represent about 18.7% of total sales, reflecting over 50% year-on-year growth in digital sales. The company has expanded its retail footprint and improved operational efficiency through the strategic acquisition and integration of Extrafarma stores, driving productivity and increasing the number of high-performing outlets. In 2024, the company experienced significant financial improvements, reporting a 23.3% increase in fourth quarter net income and strengthened its balance sheet by reducing leverage from 2.5 to 2.0 times net debt to EBITDA. Strategic initiatives have included scaling organic growth with new store openings and completing the conversion of acquired stores, enhancing customer base and purchase frequency metrics. Empreendimentos Pague Menos operates nationwide across Brazil and employs over 25,000 people. The company combines extensive retail pharmacy operations with specialized health services, leveraging its logistics network and digital platforms to serve both urban and regional markets effectively. Its ongoing strategy focuses on expanding its health services portfolio, increasing digital sales penetration, and enhancing customer engagement through loyalty programs and integrated sales channels. This comprehensive product and service offering, combined with recent operational enhancements and strategic acquisitions, positions Empreendimentos Pague Menos as one of the leading pharmacy chains in Brazil with a growing presence as an integrated health services provider. The company continues to prioritize sustainable growth through innovation, expansion, and enhanced customer experience in the Brazilian pharmaceutical retail and health services market.