October 16, 2019 / 12:41 PM / a month ago

Brazil's GPA posts 9.5% rise in Q3 gross sales led by Assai unit -filing

SAO PAULO, Oct 16 (Reuters) - Brazilian supermarket chain Grupo Pão de Açúcar SA on Wednesday reported its total gross sales grew 9.5% to 14.57 billion reais ($3.49 billion) in the third quarter as double-digit growth in wholesale unit Assai compensated for flat performance in its other brands.

GPA, owned by France’s Casino Guichard Perrachon SA , said Assai’s gross sales rose 18.9% to 7.587 billion reais. On a like-for-like basis, excluding calendar effects, the wholesale unit reported 3.2% growth.

$1 = 4.1740 reais Reporting by Gabriela Mello; editing by Jason Neely

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