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2Q10

2Q10

  • Consolidated net revenue grows 13.1% in 2Q10 and 15.5% in the first half of 2010;
  • Riachuelo's same-store sales increase by 7.0% in the quarter and 9.1% in the six-month period;
  • Consolidated gross product margin up 2.6 p.p. to 52.7% in the quarter and 52.8% in the six-month period;
  • EBITDA increases to R$122.1 million in the quarter, up 18.7% on 2Q09, while EBITDA in the first six months of 2010 totaled R$220.5 million, up 42.2%;
  • EBITDA margin reaches 20.5% in 2Q10, equivalent to a 1.0 p.p. increase, and 20.8% in 1H10, a 3.9 p.p. upturn;
  • Loss ratio of Riachuelo Card remains stable at 5.9% at the close of June;
  • Net income grows 36.8% in the quarter and 81.1% in the six-month period, to R$110.5 million in 1S10.

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