Companhia Brasileira de Distribuicao (CBD) has reported a 6% growth in net sales for its third quarter, local press has reported.
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The Brazilian retailer, known for its flagship chain Pao de Acucar, said that net sales reached 3.469 billion reais (US$1.908 bln) in the period. Gross sales were up 5.5% to 4.132bn.
Gross and net sales in same-stores increased by 1.8% and 2.3% in the period, respectively.
In the month of September alone, the company said that food products sales grew by 2.1%, which offset a fall in non-food products sales of 1.1% over the same month in 2006.
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