CDRL recorded PLN 67.09 million of unit revenues in Q1 2022

CDRL generated PLN 67.09 million of unit revenue in Q1 2022, i.e. 14% more y / y, the company said. A higher result was generated by brick-and-mortar stores, which were partially closed from the beginning of January to the end of March 2021, due to trade restrictions caused by the pandemic.

In the first quarter of 2022, revenues from Polish stationary stores amounted to PLN 28.21 million, which is 21% more than in the previous year. In the discussed period, the Polish online store generated PLN 14.3 million in revenues, which means a decrease by 7% y / y, it was reported.

“The economic situation both in our country and in the world made consumer sentiment in Q1 uncertain. Purchasing decisions were influenced by the Polish Order and changes in the tax system, rising inflation, the outbreak of war in Ukraine, and the prolonged winter. Nevertheless, we are optimistic about the future - the turnover has been higher in recent weeks, we are counting on further increases as the weather conditions improve, ”said CDRL CEO Marek Dworczak, quoted in the press release.

CDRL is a distributor of children's clothing sold under its own brand Coccodrillo, which is known on four continents, including in countries such as China, Brazil and Saudi Arabia. The company debuted on the WSE main market in 2014. The CDRL Group owns its own brands Coccodrillo, Lemon Explore, Petit Bijou, Broel and the largest children's supermarket chain in Belarus - Buslik. 

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