Brazilian supermarket group CBD has booked a surge in profits, which were up by more than one-quarter in the first three months of the year.

In a filing late yesterday (7 May) CBD said net profit jumped by 25.8% to BRL167m (US$87m). EBITDA increased to BRL758m, up from BRL583m last year on improving EBITDA margins, which rose to 6.2% from 5.4%.

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

Sales increased by 12%, rising to BRL12.15bn. Same-store sales increased 9.6%, the company said. CBD, also known by its trading name Grupo Pao de Acucar, said gains were driven by the improving economic outlook – particularly in the Brazilian labour market – and resilience of domestic consumption.

The group recently revealed it plans to increase its investment in expansion in Brazil by 24% to BRL1.96bn this year.

Click here for the full release.

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