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1Q14

1Q14

  • Net Income totaled R$71.4 million in 1Q14, 137.0% up year-on-year;
  • Riachuelo’s same-store sales grew by 6.7% in 1Q14;
  • Consolidated Net Revenue grew by 19.7% in 1Q14;
  • Consolidated Gross Product Margin widened by 2.4 p.p. to 55.7% in 1Q14;
  • Operating expenses per store fell by 5.7% in the quarter, while operating expenses per m² edged down by 0.1%;
  • Adjusted EBITDA stood at R$153.4 million in the quarter, 65.4% higher than in 1Q13;
  • The Adjusted EBITDA Margin on net revenue from products grew by 6.3 p.p. to 22.7% in 1Q14;
  • The level of losses from the Riachuelo card ended the period at 5.7%; The loss ratio from Personal Loan operations closed 1Q14 at 9.4%;
  • The Company reached the mark of 23.3 million Private Label cards, 2.5 million of which Branded cards.

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