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2Q14

2Q14

  • Net income totaled R$124.5 million in 2Q14, 33.8% up on 2Q13, and R$196.0 million in 1H14, 59.0% up on 1H13;
  • Consolidated net revenue grew by 18.7% to R$1,124.5 million in 2Q14, and 19.1% to R$2,015.9 million in 1H14;
  • Consolidated gross product margin came to 55.5% in 2Q14 and 55.6% in 1H14, 1.0 p.p. up;
  • Adjusted EBITDA stood at R$229.3 million in the quarter, 15.0% up on 2Q13, and R$382.7 million in 1H14, 31.0% up on 1H13;
  • Adjusted EBITDA margin on net revenue from products came to 25.9% in 2Q14 and 24.5% in 1H14, 2.5 p.p. higher year on year. 
  • Riachuelo's same-store sales increased by 2.4% in 2Q14 and 4.2% in 1H14;
  • Operating expenses per store fell by 2.8% in 2Q14 and 3.9% in 1H14;
  • The Riachuelo card loss ratio ended the quarter at 5.8%. The loss ratio from personal loan operations closed 2Q14 at 10.3%;
  • The Company reached the mark of 23.6 million private label cards, 2.7 million of which branded cards.
     

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