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3Q10

3Q10

  • Consolidated Net Revenue grows 21.2% in 3Q10 to R$629.5 million, and 17.6% in 9M10 to R$1,691.5 million;
  • Riachuelo's same-store sales increase 8.4% in the quarter and 8.7% in 9M10;
  • Consolidated gross product margin increases by 1.9 p.p. to 50.3% in 3Q10. In 9M10, this improvement was even higher (+2.2 p.p.), reaching 51.9%;
  • EBITDA grows to R$118.5 million in the quarter, up 12.5% on 3Q09 (or 23.6% excluding the nonrecurring effects in 3Q09), and reaches R$339.1 million in 9M10, for growth of 30.2% on a year earlier (or 35.1% excluding the nonrecurring effects in 3Q09);
  • EBITDA margin on revenue from products stood at 22.8% in 3Q10 (+1.6 p.p. excluding the nonrecurring effects in 3Q09) and 24.2% in 9M10 (+3.7 p.p. excluding the nonrecurring effects in 3Q09);
  • Net Income grows 23.1% (or 54.5% excluding the nonrecurring effects in 3Q09) to R$63.7 million in 3Q10, and 54.5% (or 70.4% excluding the nonrecurring effects in 3Q09) to R$174.3 million in 9M10.

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