Brazilian supermarket retailer Companhia Brasileira de Distribuicao (CBD), which is also known as Pao de Acucar, has posted nominal same-store sales growth of 8% for May, helped by rising food sales.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
CBD said total gross sales increased 22.8% in May, compared to the year-ago period, to R1.06bn (US$369.9m), while total net sales rose 22.7% to R896.7m, reported Dow Jones International News.
On a same-store basis, CBD’s non-food sales fell 10.2% in May, while food sales increased 13.2% compared to May last year.
Over the last few years, acquisitions have helped CBD to boost sales and overtake France’s Carrefour as the biggest supermarket retailer in Brazil.
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
