Brazil CBD Posts Sales Growth on Expansion in Nonfood Businesses
14 Janeiro 2015 - 09:55AM
Dow Jones News
By Rogerio Jelmayer
SAO PAULO--Companhia Brasileira de Distribuicao (CBD, PCAR4.BR),
Brazil's largest retailer in terms of revenue, posted an increase
in net sales in the fourth-quarter and in 2014 following sales
growth in its nonfood businesses.
The company, controlled by French retail group Casino
Guichard-Perrachon SA (CGUSY, CO.FR), said late Tuesday that its
net revenue totaled 19.66 billion reais ($7.42 billion), up 16.2%
from the year-earlier period.
For full-year 2014, CBD's net sales totaled BRL65.5 billion, up
13.3% from 2013.
Write to Rogerio Jelmayer at rogerio.jelmayer@wsj.com
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