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3Q11

3Q11

  • Net Income totaled R$58.4 million in 3Q11 and R$217.4 million in 9M11, for growth of 24.2%;
  • Consolidated Net Revenue grew by 17.1% in the quarter and 19.0% in the first nine months of 2011;
  • Riachuelo’s same-store sales increased by 3.8% in the quarter and 3.7% in the first nine months of the year (5.6% excluding the negative impact from remodeling);
  • The Consolidated Gross Product Margin grew by 1.6 p.p. to 51.9% in 3Q11. In 9M11, this margin expansion was 1.4 p.p. to 53.3%;
  • EBITDA totaled R$110.1 million in the quarter and R$383.8 million in 9M11, up by 13.2%;
  • EBITDA margin on revenue from products was 18.9% in 3Q11 and 24.3%, in 9M11;
  • Riachuelo’s card loss ratio ended the quarter at 7.2%;
  • Riachuelo inaugurated 2 more stores in the quarter, ending the period with 131 units and 337,000 m2 of sales area. 

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