Brazil’s biggest retailer Cia Brasileira de Distribuicao (CBD), which runs the Pao de Acucar supermarkets, has posted an increase in Q3 sales of 25.3% from the same period last year.
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The company, which is also known as Grupo Pao de Acucar, reported third-quarter net sales of 2.3bn reals (US$600.5m), while same-store sales increased 5.2% from a year earlier.
CBD said its Barateiro division of discount stores performed best, compared with its Pao de Acucar supermarkets, Extra hypermarkets and Eletro electrical appliance retail chain, reported Reuters.
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