Companhia Brasileira de Distribuicao SA
OTC:CBDBY
Companhia Brasileira de Distribuicao SA
Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, and other products through its chain of hypermarkets and supermarkets. The company is headquartered in Sao Paulo, Sao Paulo. The Firm, directly or through its subsidiaries, is engaged in the distribution of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores. The firm's activities are divided into three segments: Retail, Exito Group and Other Businesses. The Retail segment focuses on the banners Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Supermercado and Mini Extra, among others. The company also includes the operation of gas stations and drugstores. The Exito Group segment consists of the operation of stores in Colombia, Uruguay and Argentina. The Other Businesses segment includes complementary businesses, such as the real estate, credit card, travel, insurance, mobile and money transfer, royalties, financial services, marketing and other services.
Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, and other products through its chain of hypermarkets and supermarkets. The company is headquartered in Sao Paulo, Sao Paulo. The Firm, directly or through its subsidiaries, is engaged in the distribution of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores. The firm's activities are divided into three segments: Retail, Exito Group and Other Businesses. The Retail segment focuses on the banners Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Supermercado and Mini Extra, among others. The company also includes the operation of gas stations and drugstores. The Exito Group segment consists of the operation of stores in Colombia, Uruguay and Argentina. The Other Businesses segment includes complementary businesses, such as the real estate, credit card, travel, insurance, mobile and money transfer, royalties, financial services, marketing and other services.
Sales Growth: Total sales grew 2.2% year-on-year to BRL 4.9 billion, with same-store sales up 4.1% and strong contributions from Extra Mercado and Proximity formats.
E-commerce Momentum: Online sales reached BRL 604 million, up 9.8% year-on-year, now making up 13.1% of total sales.
Profitability Turnaround: The company posted a net profit from continuing operations of BRL 145 million, reversing previous losses, helped by the monetization of tax credits.
Efficiency Drive: Significant cost-cutting and efficiency measures are underway, including a BRL 450 million expense reduction target and a sharp reduction in CapEx for 2026.
Operational Improvements: Gross margin remained strong at 27.6%, and SG&A was reduced to 19.5% of net revenue.
Cash Flow & Leverage: Operating cash flow hit BRL 1.4 billion in the last 12 months, but net debt increased to 3.1x EBITDA due to extraordinary costs and higher interest rates.
Asset Sales & Working Capital: The company is planning asset sales to reduce debt and aims to optimize inventory by lowering it by BRL 300 million.
