Insight Report 2 minutes PremiumGPA (PCAR4) 4Q15 Results: Grupo Pão de Açúcar’s 4Q Revenues Flattish but with Lower Margins, Price Competition to Continue in 2016 Coresight Research February 26, 2016 Executive Summary Grupo Pão de Açúcar reported flat 4Q15 revenues of BRL$19.7 billion, slightly below the consensus estimate of BRL$19.9 billion. EPS was BRL$0.55, falling far short of the consensus estimate of BRL$0.99. GPA’s consolidated same-store sales declined 2.3% in 4Q15, and 1.2% overall for 2015, due mostly to the decline in sales of durable goods. During 4Q15, GPA opened 25 new stores, 24 of which were food retailers. In 2016, the company intends to continue to focus on price competitiveness during Brazil’s economic slowdown. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Market Outlook: Department Stores in China—Consumer Shift Toward E-Commerce Squeezes SalesConsumer Avoidance Falls: China Consumer TrackerWeinswig’s Weekly: On Our Groundbreaking NextGen Commerce ConferenceWeekly US and UK Store Openings and Closures Tracker 2024, Week 20: Ted Baker To Close All US Stores
