Brazilian retailer Grupo Pao de Acucar has said its second-quarter net profit more than doubled, boosted by increased sales and lower financial costs.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The company yesterday (4 August) revealed that net income increased to BRL131.7m (US$72.2m) in the second quarter, up from BRL51.7m last year.


Same-store sales gained 16%, while total sales were up 18%, to BRL5.01bn, the company – which is jointly owned by France’s Casino and the Brazilian Diniz family – said.


In a regulatory filing, the group also revealed that financial costs fell 31% to BRL61.1m, as borrowing costs fell and returns on investments rose.


EBITDA rose 15.7% to BRL345.1m, up from BRL298.3m in the second quarter of 2008.

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 - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now