Le Château Inc. reported unaudited consolidated earnings results for the first quarter ended April 28, 2018. For the quarter, the company reported sales of CAD 41,084,000 against CAD 44,413,000 a year ago, a decrease of 7.4%, with 29 fewer stores in operation. Comparable store sales decreased 0.3% for the first quarter as compared to last year, with comparable regular store sales decreasing 0.7% and comparable outlet store sales increasing 1.9%. Included in comparable store sales are online sales which increased 32.7% for the first quarter. Loss from operating activities was CAD 8,526,000 against CAD 11,413,000 a year ago. Loss before income taxes was CAD 10,777,000 against CAD 12,853,000 a year ago. Net loss and comprehensive loss was CAD 10,777,000 against CAD 12,853,000 a year ago. Net loss per share basic and diluted was CAD 0.36 against CAD 0.43 a year ago. Cash flows related to operating activities were CAD 10,518,000 against CAD 12,107,000 a year ago. Additions to property and equipment and intangible assets were CAD 675,000 against CAD 868,000 a year ago. Adjusted LBITDA was CAD 6,178,000 compared to CAD 8,313,000 a year ago. The improvement of CAD 2.1 million in adjusted EBITDA for the first quarter was primarily attributable to the reduction of CAD 3.4 million.

For the first quarter ended April 28, 2018, the company reported write-off and impairment of property and equipment of CAD 63,000 against CAD 227,000 a year ago.