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3Q17

3Q17

  • Riachuelo’s same-store sales increased by 11.0% in 3Q17 and 8.1% in 9M17. Total net revenue increased 15.7% in 3Q17, totaling R$1,119.8 million;
    Net income grew 183.2%, totaling R$50.4 million in 3Q17. In 9M17, net income totaled R$243.3 million with 273.5% growth;
  • Consolidated Net Revenue grew by 10.7%, reaching R$1,543.2 million in 3Q17. In 9M17, the Consolidated Net Revenue totaled R$4,420.6 million, an increase of 8.6%;
    Consolidated Gross Product Margin, including mobile phone and perfumery, expanded by 3.5 p.p. in the quarter, reaching 51.3% in 3Q17. In 9M17, the consolidated gross product margin stood at 52.7%, expanding 2.7 p.p.;
  • Operating expenses per store increased 9.5% in 3Q17 and 4.6% in 9M17;
    Adjusted EBITDA totaled R$162.2 million in 3Q17, 29.6%up on 3Q16. In 9M17, the Adjusted EBITDA totaled R$647.4 million up 88.6%;
  • The Adjusted EBITDA margin on consolidated net revenue increased 1.5 p.p. in the quarter, reaching 10.5% in 3Q17 and 14.6% in 9M17;
    Riachuelo card loss ratio closed 3Q17 at 7.4% versus 8.6% in 3Q16. Personal loan loss ratio closed 3Q17 at 16.5% versus 19.9% in 3Q16;
  • The net debt / EBITDA ratio closed 3Q17 at 0.9 x versus 2.0x in 3Q16;
    The Financial Cycle improves 10.1%, from 168 days in 3Q16 to 151 days in 3Q17. The Company's total inventory decreased by 9.5%, closing the quarter at R$800.9 million.

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