Companhia Brasileira de Distribuicao : 1Q19 EARNINGS RELEASE
May 08, 2019 at 08:23 pm EDT
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1Q19 EARNINGS RELEASE
Gross sales revenue reached R$13.8 billion in 1Q19, maintaining a strong growth pace of 12.4%;
Significant growth of 15.2% in adjusted EBITDA despite the unfavorable Easter calendar, totaling R$680 million and margin reaching 5.4%, +20 basis points (bps);
Net income up 41.7% in the quarter, totaling R$216 million, with net margin improving to 1.7% (+40 bps), mainly reflecting the operational growth at Assaí and Multivarejo;
Solid financial structure achieved through maintenance of low level of leverage, which reached -1.12x EBITDA;
Significant growth of food e-commerce, underlining the leadership position in the sector and expanding the share of sales under the Pão de Açúcar banner to over 4%;
Consistent advances in Digital Transformation, with the following highlights:
º Launch of the James Delivery (last miler) operations in São Paulo and expansion to 10 more cities until the end of 2019;
º Rollout of strategic partnership with Cheftime to 28 stores and an estimate to reach more than 100 store in 2Q19;
º My Discount app reached over 70% growth in downloads - more than 8.3 million - with strong growth in the penetration of loyalty programs;
º Partnership agreement with Get Ninjas and other initiatives to optimize clients' time at stores: Pre-Scanning, Shop & Go, Self Check-out and Scan & Go.
For the complete release, click here.
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CBD - Companhia Brasileira de Distribuição published this content on 08 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 May 2019 00:22:05 UTC
Companhia Brasileira de Distribuiçao is one of the largest Brazilian retailing groups. The group proposes food products, clothes, care products, etc. Net sales break down by activity as follows:
- retail distribution (53.6%): detention, at the end of 2018, of 4,162 outlets (supermarkets, hypermarkets and specialized stores under names Pão de Açúcar, Minuto Pão de Açúcar, Extra Hiper, Extra Super, Minimercado Extra, Posto Extra and Drogaria Extra) located in Brazil;
- wholesale self-service distribution (46.4%; Cash & Carry): activity provided under the Assai name.
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO 
