Citi significantly upgrades outlook for Brazilian financial company, anticipates earnings growth on the horizon.

Reports Q4 revenue $211.2M vs. $215.18M last year. CEO Ken Seipel said, "I am pleased to report that we continue to make progress on our strategic journey. We delivered Q4 comparable store sales growth of 6.4%, a sequential improvement from Q3 and a solid acceleration on a two-year basis. This top-line growth was driven by strong customer traffic and consistent increase in basket size....I am also pleased to report continued sales momentum in Q1 '25 quarter to-date, with sales trends in the mid-single digits. As we enter FY25, we are moving from the "repair" phase of our transformation to the "execute" phase of our improvement strategy. We have established the majority of the required fundamental practices and foundational business improvements and are now focused on developing consistent execution capabilities across the organization. This work is driving our 2025 outlook with low to mid-single digit comp growth, gross margin expansion and expense leverage, which will result in significantly improved EBITDA performance compared to FY24. We plan to remodel 50 stores and expect to open up to 5 new locations as we begin to return to growth of this important brand....I remain confident in the company's ability to deliver significantly improved financial results and that the work we are doing is laying the groundwork for future growth."