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1Q06

1Q06

  • Riachuelo’s financial service revenue grew 34.2% over the same quarter of the previous year, totaling R$38.8 million.
  • An increase of 250 thousand new private label cards in 1Q06 representing a growth of 2.4% over December 2005, reaching 10.7 million private-label cards issued.
  • Riachuelos’ Gross Revenue per m² reached R$ 2.2 thousand, up 17.7% over the R$ 1.8 thousand reported in 1Q05.
  • In 1Q06, the Company began remodeling 17 stores, out of which 8 have already started.
  • Sales to Riachuelo represented 50% of the Parent Company’s total in annual terms.
  • Consolidated Gross Revenue increased 15.9%, reaching R$ 417.0 million in 1Q06.
  • Consolidated gross margin stabilized at 44.2% in 1Q06, comparing to the same period last year.
  • Adjusted EBITDA¹ totaled R$ 38.7 million, up by 14.1% over the same quarter of last year. 

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