Same store gross sales move up 9.6%
São Paulo, Brazil, August 14, 2008. Grupo Pão de Açúcar [NYSE: CBD; BOVESPA: PCAR4 (PN)] announces its July 2008 sales performance (unaudited preliminary figures). The information presented below was calculated based on consolidated figures and in Reais, in accordance with Brazilian Corporate Law.
In July, the Group’s gross sales totaled R$1,666.9 million, and its net sales reached R$1,455.3 million. Growth rates were up 22.2% and 26.2% year on year, respectively.
Under the ‘same store’ concept, the increase in gross sales was 9.6% while net sales grew by 13.1%. Food products registered an 8.0% increase, and sales of non-food products grew by 14.5% in the period in same store terms. Electronic items continued to stand out among non-food products, whereas in food products perishables had the best performance, posting a double-digit growth rate.
The highlights of the month were the Extra and CompreBem banners, whose growth rate outperformed the Company’s average growth. Additionally, all the banners registered an increase in customer traffic year on year.
Gross Sales Performance (nominal terms)
Note: Same-store sales figures include only those stores with at least 12 months of operations.
Since November 2007, the "total stores" concept has included Assai's sales.
Statements included in this report regarding the Company’s business prospects, the outlook for operating and financial results, and referring to the Company’s growth potential are merely projections and were based on Management’s expectations regarding the Company’s future. These projections are highly dependent on market changes and the performance of Brazil’s economy, the industry and the international markets and are, therefore, subject to change. |