Brazilian supermarket group Companhia Brasileira de Distribuicao has reported a 6.4% rise in same-store sales for August, following 10.3% growth in July.


The company, which is popularly known by the name of its flagship supermarket chain Pao de Acucar, said total gross sales rose 23% to BRL1.29bn (US$444.5m) compared to the year-ago period. Net sales rose 20% to BRL1.06bn, reported Dow Jones International News.


The 6.4% rise in same-store sales in August came despite there being one fewer weekend in the August 2004 reporting period compared to August 2003. Same-store sales of food products rose 4.5% in August compared to year earlier, showing a marked improvement from weak sales in the first half of the year.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now