STXNEWS LATAM-Pão de Açúcar sales growth picks up in Q3

Wed Oct 10, 2012 6:27pm EDT

Grupo Pão de Açúcar , Brazil's biggest
retailer, said on Wednesday that third-quarter net revenue rose
9.7 percent from a year earlier, picking up from a weaker second
quarter as government stimulus spurred consumer demand.
Second-quarter net revenue grew 6.8 percent from a year before.
    At Pão de Açúcar's stores that had been open for at least 12
months, gross sales grew 7.1 percent in the third quarter from a
year earlier.