Le Château Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 28, 2018; Reports Sales Results for the Eight Weeks Ended September 22, 2018
For the six months period, the company reported sales of CAD 94,397,000 compared to CAD 99,721,000 a year ago. Total comparable store sales were CAD 91,653,000 against CAD 89,322,000 a year ago. Loss before income taxes was CAD 10,955,000 against CAD 13,840,000 a year ago. Net loss and comprehensive loss was CAD 10,955,000 or CAD 0.37 basic and diluted per share against CAD 13,840,000 or CAD 0.46 basic and diluted per share a year ago. Adjusted LBITDA was CAD 1,795,000 against CAD 4,545,000 a year ago. Cash flows used in operating activities were CAD 4,097,000 against CAD 2,890,000 a year ago. Additions to property and equipment and intangible assets amounted to CAD 1,997,000 against CAD 1,505,000 a year ago. Loss from operating activities was CAD 6,425,000 against CAD 10,679,000 a year ago.
The company reported sales results for the first eight weeks ended September 22, 2018, for the period the company reported total retail sales decreased 6.1%, with 29 fewer stores in operation. Comparable store sales increased 3.5% compared to the same period last year, with comparable regular store sales increasing 3.8% and comparable outlet store sales increasing 1.6%. Included in comparable store sales are online sales which increased 36.3%.