Brazil’s largest supermarket chain Companhia Brasileira de Distribuicao (CBD), also known as Pao de Acucar, has reported a 10.7% rise in same-store net sales in nominal terms for the second quarter.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The company said the improved sales were helped by higher consumer prices and rising food sales volumes, but were also hurt by high lending rates and falling sales in the non-food segment, reported Dow Jones International News.


CBD said total net sales rose 26.3% year-on-year to BRL2.66bn (US$928.5m) for the second quarter, while gross sales rose 26.6% to BRL3.15bn.


The retailer’s same-store sales were up 5% in June in nominal terms compared to the year-ago period, a sharp drop from growth rates in April and May that was partly attributed to there being one less Saturday in June this year.


 

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now