Previous Close | 82.91 |
Open | 0.00 |
Bid | 83.99 x 0 |
Ask | 83.90 x 0 |
Day's Range | 0.00 - 0.00 |
52 Week Range | |
Volume | 0 |
Avg. Volume | 1,294,167 |
Market Cap | 23B |
Beta (3Y Monthly) | 1.38 |
PE Ratio (TTM) | 18.95 |
EPS (TTM) | 4.45 |
Earnings Date | Feb 18, 2020 - Feb 24, 2020 |
Forward Dividend & Yield | 1.61 (1.95%) |
Ex-Dividend Date | 2019-06-28 |
1y Target Est | 99.37 |
Brazil's GPA sees its wholesale unit Assaí reaching 50 billion reais ($11.91 billion) in gross sales by the end of 2022 from expected 30 billion reais this year, as the food retailer continues to organically expand its operations, its chief executive said on Wednesday. It plans 20 new stores per year in Brazil and will expand the chain to Colombia in 2020, CEO Peter Estermann told journalists in a press conference before a meeting with investors in Sao Paulo. "It will be our first Assaí store outside Brazil," Estermann said.
Brazilian supermarket group Grupo Pão de Açúcar SA has signed a deal with drugstore chain RD SA to create a loyalty program joint venture expected to start in the second half of 2020, both companies said on Wednesday. Under the terms of the agreement, which is still subject to approval by local antitrust regulator Cade, GPA, the local subsidiary of France's Casino Guichard Perrachon SA, will have a 66.7% stake in the joint venture and RD the remaining 33.7%, they said in a securities filing. Called Stix Fidelidade, the new loyalty program is a push to broaden their customer base, as well as shopping frequency for both companies, GPA's Chief Executive Peter Estermann told journalists on Wednesday.
Brazilian supermarkets chain Grupo Pao de Acucar SA has teamed-up with a local brewery to launch its own craft beer brand, a move likely to boost the share of in-house products in its total sales to over 20% in 2020, an executive said. The local subsidiary of France's Casino Guichard Perrachon SA currently offers its customers over 2,000 in-house products from various categories, representing approximately 13% of total sales, according to its most recent earnings report. GPA's launch of its "Fábrica 1959" beer brand comes amid growing consumer interest in craft beers around the world.
Q3 2019 Companhia Brasileira de Distribuicao Earnings Call
Brazilian retailer Grupo Pão de Açúcar SA expects better sales after it completes supermarket conversions and renovations in early 2020, its chief executive said on Thursday. "Consumption prospects are more positive, which alongside our efforts to conclude conversions and renovations in the first months of 2020, will allow us to enter an even better cycle," CEO Peter Estermann told analysts and investors in a call on quarterly results. GPA's shares edged down 0.4% to 82.73 reais, trimming gains so far this year to around 3%.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds' top 3 stock picks returned 34.4% this year and beat the S&P […]
Q2 2019 Companhia Brasileira de Distribuicao Earnings Call
SAO PAULO/PARIS, June 27 (Reuters) - Casino Guichard Perrachon on Thursday unveiled a plan to simplify the complex shareholding structure for its Latin American operations, sending shares in its Brazilian and Colombian units soaring. The restructuring would result in Casino controlling its Latin American business in Brazil, Colombia, Uruguay and Argentina through a 41.4% stake in Brazilian unit Grupo Pao de Acucar (GPA). Casino, which has been grappling with high debt, has been trying to address investor criticism over the complex and sometimes opaque structure of its business.
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.
Shares in French retailer Casino surged more than 10% on Friday after controlling shareholder Jean-Charles Naouri won some respite as his debt-laden Rallye investment vehicle was placed under protection from creditors. Investors and analysts, however, said the move did not solve all of Rallye or Casino's problems and that the impact on the complex ownership structure remained uncertain. A Paris commercial court on Thursday placed Rallye, the parent company of Casino, under protection from its creditors for at least six months.
Brazilian supermarket chain Carrefour Brasil on Thursday reported quarterly net income of 441 million reais , slightly above market expectations. Analysts on average expected net income of 395.3 million ...
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.