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2Q17

2Q17

  • Riachuelo’s same-store sales increased by 8.7% in 2Q17 and 6.7% in 1H17. Total net product revenue increased by 13.4% in 2Q17, totaling R$1,196.0 million. 
  • The Company successfully begins its e-commerce operation in omnichannel format;
  • Net income grew by 126.9%, totaling R$82.3 million in 2Q17. In 1H17, net income totaled R$192.9 million, a 307.5% increase;
  • Total consolidated net revenue grew by 10,0%, totaling R$1,608.3 million in 2Q17. In 1H17, Consolidated net revenue totaled R$2,877.5 million, a 7.5% increase;
  • The consolidated gross product margin including mobile phone and perfumery expanded by 2.5 p.p. in the quarter, reaching 53.6% in 2Q17. In 1H17, consolidated gross product margin reached 53.4%, expanding by 2.3 p.p.;
  • Operating expenses per store increased by 2.8% in 2Q17 and 2.9% in 1H17;
  • Adjusted EBITDA totaled to R$213.6 million in 2Q17, 62.0% up on 2Q16. In 1H17, Adjusted EBITDA totaled R$485.3 million a 122,4% increase;
  • The adjusted EBITDA margin on consolidated net revenue came to 13.3% in 2Q17 and 16.9% in 1H17, expanding by 4.3 p.p. in the quarter;
  • Riachuelo card loss ratio closed 2Q17 at 6.7% versus 8.7% in 2Q16. Personal loan loss ratio closed 2Q17 at 15.9% versus 18.6% in 2Q16;
  • The net debt / EBITDA ratio closed 2Q17 at 1.0x, versus 2.0x in 2Q16;
  • Financial Cycle improves 13.0%, from 159 days in 2Q16 to 139 days in 2Q17. The Company’s total inventory decreased by 15.7%, closing the quarter at R$766.3 million.
     

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