Le Château Inc has seen a rise in second quarter sales and earnings, however year-to-date earnings figures were behind last year.
The Canadian retailer said that sales for the second quarter ended 31 July 2010 increased 6.3% to CAD$86.5m. Same-store sales increased by 1.2% versus the same period a year ago.
Net earnings for the second quarter ended 31 July 2010 increased to $8.2m from $7.8m for the same period a year ago.
Earnings per share (diluted) for the second quarter were $0.33 per share versus $0.32 per share the previous year.
Net earnings for the six-month period were $12.6m compared to $12.9m in the first half of last year.
Earnings before interest, income taxes, depreciation and amortization (EBITDA) for the first six months amounted to $27.6m or 17.5% of sales, compared to $28.3 million or 18.5% of sales last year.
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By GlobalDataSales, however, increased 2.7% to $157.4m for the six months, compared to $153.2 million last year. Comparable store sales decreased 1.6% versus the same period a year ago.
During the first six months of the year, the company opened four stores, closed two and expanded 13 existing locations, resulting in the addition of 53,000 square feet or 4.6% to the Le Château network, bringing the total floor space at end of period to 1,199,000 square feet.
