Brazil CBD Posts 1st-Quarter Sales Growth, Led by Nonfood Business
13 Abril 2015 - 9:21AM
Dow Jones News
By Rogerio Jelmayer
SAO PAULO--Companhia Brasileira de Distribuicao (CBD, PCAR4.BR),
Brazil's largest retailer by revenue, posted an increase in net
sales in the first quarter, mainly on expansion in its nonfood
businesses.
Net revenue for the company, which is controlled by French
retail group Casino Guichard-Perrachon SA (CGUSY, CO.FR), totaled
17.23 billion reais ($5.63 billion), up 15% from the year-earlier
period.
Sales of nonfood businesses expanded 23.5%, while food-division
sales increased 8%.
Write to Rogerio Jelmayer at rogerio.jelmayer@wsj.com
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