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Companhia Brasileira de Distribuicao (PCAR4.SA)

PCAR4.SA on Sao Paulo Stock Exchange

25 May 2018
Change (% chg)

R$ -1.48 (-1.85%)
Prev Close
R$ 80.15
R$ 80.00
Day's High
R$ 81.31
Day's Low
R$ 77.95
Avg. Vol
52-wk High
R$ 82.42
52-wk Low
R$ 62.33

Latest Key Developments (Source: Significant Developments)

Casino CEO confident on 2018 financial goals
Tuesday, 15 May 2018 05:25am EDT 

May 15 (Reuters) - Casino CEO Jean-Charles Naouri tells shareholders::CEO SAYS REITERATES 2018 FINANCIAL GUIDANCE, CONFIDENT CAN DELIVER ON IT IN VIEW OF GOOD Q1 AND CONTINUATION OF GOOD TREND IN Q2..Reiterates prediction of 2018 organic growth above 10 percent in conslidated profit, excluding tax credits, and of organic groth in French operating profit, excluding real estate activities, also above 10 percent.  Full Article

Casino says 2017 profit guidance is cautious
Tuesday, 7 Mar 2017 05:55am EST 

Casino Chairman and CEO Jean-Charles Naouri and CFO Antoine Giscard d'Estaing tell a news conference: CEO says expects good comercial trend at Brazil's retailer GPA in 2017 along Q4 2016 trend . CFO says group EBIT growth guidance for 2017 is "cautious" . CEO says group has not yet decided what it will do with the cash raised from Via Varejo unit sale . CFO eyes 2017 capex of a lttle under 1 billion euros . CEO says cash from Via Varejo consumer electronics unit sale could be used to reduce financial expenses or to accelerate Assai cash & Carry stores expansion in Brazil . CFO says goal remains for French geant hypermarkets to break even in 2017 . CEO says group has no plans to launch cash & carry stores in France .CEO says first four weeks of 2017 sho business trends in France close to those of Q4 2016.  Full Article

Brazil's CNova unit finishes internal investigation - GPA
Tuesday, 26 Jul 2016 10:19pm EDT 

: Brazil's Companhia Brasileira de Distribuicao, also known as GPA SA , Brazil's largest retailer, said the internal investigation into the group's subsidiary CNova Brasil had finished . The investigation's findings regarding inflated sales, inconsistencies in reporting stocks and other irregular accounting has already prompted the Brazilian unit of CNova to lower its yearend financial statements stretching back to December 2013 . The administration of GPA recommends that it restate its yearend financial results for the past three years to reflect the adjustments to CNova NV's adjusted statements . The company said if approved by the board, it could result in a reduction of GPA's net income by 512 million reais as well as a reduction of its net worth of company assets by 304 million reais over the period Related story [nL2N1882DK] (Reporting by Reese Ewing) ((reese.ewing@thomsonreuters.com; +5511 98160-4173)) Keywords: P. ACUCAR CBD CNOVA/VIA VAREJO.  Full Article

UPDATE 2-Retailer Casino's 2018 goals on track as French performance improves

* Keeps 2018 goals, positive French sales trend continuing in Q2 (Recasts with CFO comments, shares, analysts)