Brazilian retailer CBD has recorded a 47.9% increase in fourth-quarter sales, figures that included a contribution from the recently-acquired electronics chain Casas Bahia.
CBD’s fourth-quarter net sales rose to BRL12.59bn (US$7.48bn), the retailer said on Friday (14 January). The retailer said that excluding Casas Bahia, net sales would have reached BRL8.5bn, compared to BRL7.43bn last year.
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For the full year, the Casino-controlled retailer’s consolidated net sales were up 37% on the previous year to BRL32.1bn. Excluding the acquisition of Casas Bahia, net sales would have been up 27.4% to BRL29.3bn.
The company, also known through its trading arm as Grupo Pao de Acucar, announced on Friday that its food division recorded an 8.1% increase in net sales during the fourth quarter to BRL6.53bn. Same-store sales were up by 7.3%.
For the full year, the division recorded 13% growth to BRL23.4bn, while same-store sales were up 10.5%. The retailer’s Assai and Extra Supermercado posted strong gains, with same-store sales up 18% and 23.4%, respectively
Click here for the retailer’s trading statement.
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