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1Q11

1Q11

  • Net Income of R$59.0 million in 1Q11, for growth of 12.2%;
  • Consolidated Net Revenue grows 21.1% to R$564.2 million in 1Q11;
  • Riachuelo's same-store sales grow 2.2% in the quarter (6.4% excluding the negative impact from remodelings);
  • 15 stores were remodeled during 1Q11 (22% of the sales team);
  • Consolidated Gross Margin of 57.1% in the quarter. Gross Product Margin of 51.7%;
  • Operating Expenses per store decreased by 0.5% in the quarter. EBITDA of R$103.7 million, up 5.4% in the period and EBITDA margin on revenue from products of 24.1%;
  • Riachuelo card loss ratio ends the quarter at 5.5%, down 0.4 p.p. from the end of March 2010.
  • Riachuelo inaugurates a purchasing Office in Shanghai;
  • Riachuelo debuts in 39th position in the ranking of Brazil’s most valuable brands.
     

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