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7 months ago
Brazil's GPA reports 7.7 pct rise in Q4 same-store food sales
January 13, 2017 / 11:37 AM / 7 months ago

Brazil's GPA reports 7.7 pct rise in Q4 same-store food sales

1 Min Read

SAO PAULO, Jan 12 (Reuters) - Brazilian retailer GPA SA reported a 7.7 percent rise in fourth-quarter same-store food sales despite the country's prolonged recession.

For the year, same-store food sales, or those from stores open more than a year, rose 6.7 percent, São Paulo-based GPA said in a securities filing.

Its consolidated food sales rose 11.4 percent to 41.54 billion reais ($13 billion) last year, it said.

GPA is controlled by France's Casino Guichard Perrachon & Cie.

$1 = 3.1805 reais Reporting by Ana Mano; editing by Jason Neely

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