Insight ReportGPA (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. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: US CPG Sales Tracker: Homecare and Health Dominate at the Start of 2025Consumer Sentiment Shows Signs of Improvement Amid Temporary Tariff Reduction: China Consumer Survey InsightsUS Back to School 2025, Part 1: Early Shopping, Tariff Worries and Strategic Choices Shape BTS 2025Recent Conference Insights, from World Retail Congress to ICSC Las Vegas: Coresight Research Premium Subscriber Call, June 2025
