BRAZIL: CBD sees profit jump
CBD profits rise
Retail giant CBD has booked a 64.6% rise in third-quarter profit as sales benefited from the Brazilian government's stimulus package.
CBD's third-quarter net profit totalled BRL210m (US$103.4m) up from BRL128m in the same period of last year. EBITDA rose to BRL801m from BRL721m, the company, which is also known by its trading name Grupo Pão de Açúcar, said. The group reported a slight improvement in EBITDA margin, which rose to 6.6% from 6.5%.
CBD, which is controlled by French retailer Casino, confirmed its sales rose 9.7% in the period, climbing to BRL12.15bn. The group also reiterated plans to increase its capital expenditure this year from BRL1.58bn last year to BRL1.8bn this year.
Retailers in Europe are looking again at the in-store experience for shoppers, refurbishing outlets and using technology, writes IRI's Laura Volpini....
- Rabobank's early view on Brexit impact on food
- New food waste standard will help monitor progress
- Kellogg uses Kashi to finally join party - comment
- Tyrrells' growth plans - CEO interview, part two
- How could a TTIP affect the food industry?
- Brexit – Live reaction from food industry
- Kellogg to invest in "next-generation innovation"
- Post, ConAgra 'held talks' over Lamb Weston merger
- R&R Ice Cream names Daniel Martinez new CFO
- Mars takes UK chocolate brands into trail mixes
- Top Trends in Snacks, Confectionery, and Desserts; Exploring consumer and innovation trends in key categories
- Frozen Bakery Products Market by Type, Distribution Channel, & by Region - Global Trends & Forecast to 2020
- Singapore Food and Drink Report Q3 2016
- Fast Food in India
- Country Analysis Report: Saudi Arabia, In-depth PESTLE Insights