Natura reported this Wednesday (8) estimated net revenue between R$5.1 billion and R$5.2 billion for the second quarter, a drop of between 9% and 10% compared to the same period last year, in a result pressured by the performance of operations in Brazil. ?? Do you have any reporting suggestions? Send to g1 "The slowed down consumption environment in Brazil, added to challenges and internal operational adjustments, put pressure on net revenue for the second quarter of 2026 in the country in a greater magnitude than initially expected", stated the cosmetics manufacturer in a relevant fact, citing that the information is preliminary. Among the challenges, the company highlighted a severe shortage of products amid the stabilization of the new Integrated Planning system, updating of the SAP system and relocation of volumes from the recently closed factory in Interlagos, south of São Paulo. The shortage of products, combined with a challenging macroeconomic scenario, he added, led to a significant drop in volume in the relationship sales channel. The complete line of Natura Tododia Jambo Rosa and Caju Flor, celebrating the beauty of black and brown skin at all stages of the Negritudes Festival. Matheus Thierry Natura also highlighted that the implementation of pricing policies and commercial rules between channels led to a short-term slowdown in the online channel, as well as the transition of 100% of franchise contracts to a new model caused a momentary reduction in stocks in franchised stores and a consequent slowdown in sales to franchises (sell-in). The company also highlighted a temporary mismatch in taxes, with an effect concentrated in the second quarter of 2026, resulting from changes in the consumption tax in the State of São Paulo (ICMSST). The combination of such factors, stated the company, "put pressure on net revenue in Brazil in a magnitude that could not be offset by positive annual growth in constant currency (CC) in all markets in the Hispanic region, where there was another quarter of consistent growth." Natura stated that it estimates quarterly expansion in the reported Ebitda margin, due to lower sequential expenses with terminations and capture of efficiencies from the new operating model, which "partially offsets the negative impact of operational deleveraging". Complete information for the second quarter of 2026 will be released on August 10th.