• Q3 LFL sales up 7.1%
  • CBD says same-store food sales increase 6.8%. 
CBD saw Q3 same-store food sales increase

CBD saw Q3 same-store food sales increase

Brazilian retailer CBD has booked a 7% increase in quarterly same-store sales thanks to its food and non-food outlets.

CBD, Brazil's largest retailer, reported a 7.1% in gross same-store sales for the third quarter of the year.

The company, also known by its trading name of Grupo Pao de Acucar, said gross same-store sales from its food division were up 6.8%.

On a consolidated basis, gross sales increased 8.7% to BRL13.7bn (US$6.71bn). Gross sales from food were up 7.5%.

The retailer will report its full third-quarter results on 31 October.

Show the press release

Net sales revenue up 9.7% 
Faster organic growth pace: 24 new stores

São Paulo, October 10, 2012 - Grupo Pão de Açúcar [BM&FBOVESPA: PCAR4; NYSE: CBD] and Viavarejo S.A.[BM&FBOVESPA: VVAR3] release the sales performance for the third quarter 2012.

3Q12 Highlights

GPA Consolidated:

- Gross sales up 8.7% to R$ 13.7 billion
- Gross same-store sales up 7.1% 

GPA Food:

- Gross sales up 9.5% and gross same-store sales up 6.8%
- Highlights are Assaí and Minimercado Extra: gross same-store sales up by 12.6% and 23.6% respectively
- 15 new stores

Viavarejo:

- Gross same-store sales up 7.5% 
- Bricks-and-mortar stores up 8.2%
- 9 new Casas Bahia stores

Click here for the full release.

Original source: CBD