Restoque books net profit in Q1, same-store sales rise 7.4 percent

Restoque Comércio e Confecções de Roupas S.A. recorded the sixth consecutive quarter of same-store sales growth at 7.4 percent, with a gain of 9 percent in sales/sqm in the company-owned stores. EBITDA of 76 million Brazilian real (21.3 million dollars) was up 18.4 percent, with a 25.4 percent margin, a gain of 3.8 p.p. Net profit for the quarter was 20.4 million Brazilian real (5.7 million dollars) compared with a loss of 10.3 million Brazilian real (2.8 million dollars) in 2017, which the company said, marks the beginning of a new cycle of results for the company.