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2Q16

2Q16

  • Consolidated net revenue grew by 10.3%, totaling R$1,462.1 million in 2Q16. In 1H16, Consolidated net revenue totaled R$2,675.9 million, a 10.4% increase;
  • Riachuelo’s same-store sales increased by 1.5% in 2Q16 and fell by 0.6% in 1H16;
  • The consolidated gross product margin came to 51.1% in 2Q16. In 1H16, the consolidated gross product margin stood at 51.2%;
  • Operating expenses per store without the impact of the end of the payroll tax relief fell by 2.6% in 2Q16 and 2.3% in the first half;
  • Adjusted EBITDA amounted to R$131.9 million in 2Q16. In 1H16, adjusted EBITDA came to R$218.2 million;
  • Net income came to R$36.3 million in 2Q16. In 1H16, net income totaled R$47.3 million;
  • The Riachuelo card loss ratio ended 2Q16 at 8.7%. The loss ratio from personal loan operations closed 2Q16 at 18.6%;
  • The financial cycle improved by 29.2%, from 225 days in 2Q15 to 159 days in 2Q16. 

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