Companhia Brasileira de Distribuicao : GPA Food‘s Sales Performance in 1Q19 - Sales Performance in 1Q1 9
April 24, 2019 at 06:33 pm EDT
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Acceleration in total sales growth to 12.4% despite the unfavorable Easter shift calendar, and continuation of strong same-store sales growth of 7.5%: strong growth at Assaí and consistent sales growth at Multivarejo
Strong customer traffic growth compared to 1Q18, the strongest growth rate of recent periods, supporting market share gains at Assaí and Multivarejo
Robust growth in food e-commerce, reaffirming the leadership in the sector and expanding participation to over 4% of the Pão de Açúcar sales
Consistent progress in digital transformation initiatives in the quarter: launch of James Delivery (last miler) operations in São Paulo; rollout of strategic partnership with Cheftime for stores in São Paulo and Paraná; and 62% growth in downloads of My Discount, with a solid increase in the penetration of loyalty programs
Assaí: acceleration in gross sales growth in the quarter, to 25.6%, with important gains in customer traffic of 14.8%
Multivarejo: same-store sales growth of 4.8%, reflecting the portfolio's better alignment with consumer demand
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Last Update on April 24, 2019
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CBD - Companhia Brasileira de Distribuição published this content on 24 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 April 2019 22:32:06 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.