Fashion and footwear retailer Le Château Inc has posted an 8.9% drop in first quarter profit on lower same-store sales.

The Montreal based retailer, which operates 223 stores in Canada and New York City, said net earnings fell to $5.1m or $0.21 per share, from $5.6m or $0.22 per share the previous year.

Earnings before interest, income taxes, depreciation and amortisation (EBITDA) slipped to $12.0m or 16.7% of sales, from $12.4m or 17.5% of sales last year.

Sales for the three months to 2 May increased 1.7% to $71.8m from $70.6m, but comparable store sales were down 5.9%.