Le Château Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 29, 2017; Reports Write-Off and Impairments for the First Quarter Ended April 29, 2017; Reports Sales Results for the Five Weeks Ended June 3, 2017
For the first quarter ended April 29, 2017, the company reported write-off and impairment of property and equipment of CAD 227,000 against CAD 178,000 a year ago.
For the first five weeks ended June 3, 2017, the company's total retail sales decreased 8.5%, with 26 fewer stores in operation. Comparable store sales decreased 2.9% compared to the same period last year, with comparable regular store sales increasing 0.6% and comparable outlet store sales decreasing 15.6%. Included in comparable store sales are online sales which increased 14.5%.