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3Q16

3Q16

  • Consolidated net revenue grew by 5.5%, totaling R$1,394.6 million in 3Q16. In 9M16, Consolidated net revenue totaled R$4,070.5 million, an 8.7% increase;
  • Riachuelo’s same-store sales fell by 2.2% in 3Q16 and 1.2% in 9M16;
  • The consolidated gross product margin came to 47.8% in 3Q16. In 9M16, the consolidated gross product margin stood at 50.0%;
  • Operating expenses per store without the impact of the end of the payroll tax relief increased by 0.3% in 3Q16 and fell by 1.5% in the first nine months;
  • Adjusted EBITDA amounted to R$123.0 million in 3Q16. In 9M16, Adjusted EBITDA came to R$341.1 million;
  • Net income came to R$17.8 million in 3Q16. In 9M16, net income totaled R$65.1 million;
  • The Riachuelo card loss ratio ended 3Q16 at 8.6%. The loss ratio from personal loan operations closed 3Q16 at 19.9%;
  • The financial cycle improved by 18%, from 205 days in 3Q15 to 168 days in 3Q16. 

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