Restoque posts Q4 loss, gross revenues drop by 12.6 percent

Gross revenue in the fourth quarter totalled 335.5 million Brazilian real (64.4 million dollars) at Restoque Comércio e Confecções de Roupas S.A., down 12.6 percent, which the company said was impacted by the measures adopted by the company to eliminate channel conflicts and reinforce the positioning of its brands, strengthening the bases for sustainable growth. Gross profit for the quarter was 170 million Brazilian real (32.6 million dollars), down 9 percent, with a gross margin of 66 percent, up 3.1 pp and in the year to date period, the company reached a gross margin of 65.1 percent, up 1.4 pp. Accounting EBITDA reached 137.1 million Brazilian real (26.3 million dollars), with a 53.2 percent margin. The company reported a loss of 169 million Brazilian real against the profit of 45 million Brazilian real in the fourth quarter of 2018.