|Bid||58.76 x 0|
|Ask||58.80 x 0|
|Day's Range||57.60 - 59.62|
|52 Week Range||55.41 - 127.47|
|Beta (5Y Monthly)||1.32|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 28, 2011|
|1y Target Est||N/A|
Brazilian retailer Lojas Americanas SA tripled its loss in the first quarter, as higher expenses to expand its financial arm Ame offset strong sales growth, the company said late on Thursday. Lojas Americanas, which is in the process of transferring assets to its e-commerce subsidiary B2W Companhia Digital , lost 163 million reais ($31 million) in the first quarter, 231% higher than the loss it posted a year ago. Net revenue grew 29% to 5 billion reais, but expenses rose 50% to fund expansion in the digital platform and financial arm.
Moody's Investors Service ("Moody's") has today assigned a Ba1 corporate family rating (CFR) to B2W Companhia Digital ("B2W"). At the same time, Moody's assigned a Ba1 rating to the proposed senior unsecured notes to be issued by B2W Digital Lux S.à r.l. This is the first time Moody's rates B2W.
Moody's Investors Service, ("Moody's") has today assigned a Ba1 Corporate Family Rating to Lojas Americanas S.A. At the same time, Moody's assigned a Ba1 rating to the proposed senior unsecured notes to be issued by JSM Global S.à r.l. Proceeds will be used to refinance a portion of short and medium-term indebtedness and for general corporate purposes.