|Bid||77.53 x 0|
|Ask||78.03 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (3Y Monthly)||1.38|
|PE Ratio (TTM)||17.54|
|Earnings Date||Oct 31, 2019|
|Forward Dividend & Yield||1.61 (2.02%)|
|1y Target Est||99.37|
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 […]
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.
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 ...
The board of Brazilian retailer Via Varejo is proposing to its shareholders the removal of a clause in its bylaws demanding a tender offer to all shareholders if an investor buys a stake larger than 20 percent. Via Varejo, a subsidiary of Brazil's Grupo Pão de Açúcar (GPA) controlled by France's Casino Guichard Perrachon SA, has been on the block since November 2016. GPA currently holds a 36.27 percent stake in Via Varejo and expects to find an strategic buyer for the retailer by year end.