22.37 -0.00 (-0.02%)
After hours: 4:02PM EDT
|Bid||16.00 x 1300|
|Ask||22.37 x 800|
|Day's Range||22.10 - 22.83|
|52 Week Range||17.91 - 26.81|
|Beta (3Y Monthly)||0.74|
|PE Ratio (TTM)||20.67|
|Forward Dividend & Yield||0.46 (2.09%)|
|1y Target Est||28.00|
Brazilian retail veteran Michael Klein and his family on Friday gained control of appliance retailer Via Varejo SA from retailer GPA SA in an auction. Klein bought a smaller than anticipated additional stake in the company, but other investors pitched in and GPA ended by selling its entire stake at a higher than expected price. Combined with its previous stake of 25.4%, the Klein family will own 27%, making it the retailer's largest shareholder.
Companhia Brasileira's (CBD) Assai segment is a major growth driver. Also, the company is on track with its pilot projects.
French supermarket chain Casino Guichard Perrachon SA, which has been selling assets to cut debt and reassure investors, said on Thursday it was reviewing strategic options in Latin America. Casino, which controls Brazilian retailer Grupo Pao de Acucar (GPA), issued a statement after Brazilian paper 0 Globo said the French firm could announce "in the next few days" a plan to combine its assets in Latin America. Casino also owns wholesale chain Assai and electronics and appliance retailer Via Varejo in Brazil, and supermarket chain Grupo Exito in Colombia, Argentina, Uruguay and Chile.
The Sao Paulo-based company said it had profit of 15 cents per share. Earnings, adjusted to account for discontinued operations, came to 14 cents per share. The retailer posted revenue of $3.37 billion ...
Companhia Brasileira's (CBD) Assai and Multivarejo units are likely to be the key drivers in Q1. Additionally, digital endeavors and focus on pilot projects are likely to aid the quarterly results.
Brazilian supermarket chain Grupo Pão de Açúcar SA on Wednesday posted first-quarter sales up 12 percent from a year ago, closing the gap on Carrefour Brasil, the market leader in Latin America's largest economy. GPA, which is owned by France's Casino Guichard Perrachon SA , reported gross revenues of 13.8 billion reais ($3.46 billion), driven by gains in its wholesale division, Assaí. On Tuesday, Carrefour Brasil posted a 10 percent increase in gross sales to 14.2 billion reais, as growth in its wholesale unit Atacadão more than compensated for a flat performance in the retail division.
Grupo Pão de Açúcar SA , one of Brazil's largest food retailers, owned by France's Casino Guichard Perrachon SA, on Wednesday posted first-quarter gross revenue of 13.8 billion reais , up 12.4% from the ...
The government requires hedge funds and wealthy investors that crossed the $100 million equity holdings threshold are required to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings level the playing field for ordinary investors. The latest round of 13F filings disclosed the […]
Companhia Brasileira (CBD) is likely to keep gaining from a strong Assai unit, impressive Pilot Projects and strategic growth endeavors.
Brazilian food retailer GPA SA prefers a strategic buyer for electronics subsidiary Via Varejo SA, the firm's chief financial officer said on Thursday. GPA, itself a subsidiary of France's Casino Guichard ...
Companhia Brasileira (CBD) witnesses solid performance in Multivarejo and Assai units in Q4 results. Management expects these units to remain strong in 2019.
NEW YORK, NY / ACCESSWIRE / February 21, 2019 / Companhia Brasileira de Distribuicao Sponsored ADR Pfd Class A (NYSE: CBD ) will be discussing their earnings results in their 2018 Fourth Quarter Earnings ...