CBD recorded Q4 sales growth

CBD recorded Q4 sales growth

Brazilian retailer CBD has recorded a 47.9% increase in fourth-quarter sales, figures that included a contribution from the recently-acquired electronics chain Casas Bahia.

CBD's fourth-quarter net sales rose to BRL12.59bn (US$7.48bn), the retailer said on Friday (14 January). The retailer said that excluding Casas Bahia, net sales would have reached BRL8.5bn, compared to BRL7.43bn last year.

For the full year, the Casino-controlled retailer's consolidated net sales were up 37% on the previous year to BRL32.1bn. Excluding the acquisition of Casas Bahia, net sales would have been up 27.4% to BRL29.3bn.

The company, also known through its trading arm as Grupo Pao de Acucar, announced on Friday that its food division recorded an 8.1% increase in net sales during the fourth quarter to BRL6.53bn. Same-store sales were up by 7.3%.

For the full year, the division recorded 13% growth to BRL23.4bn, while same-store sales were up 10.5%. The retailer's Assai and Extra Supermercado posted strong gains, with same-store sales up 18% and 23.4%, respectively

Click here for the retailer's trading statement.