Companhia Brasileira de Distri (CBD)

Companhia Brasileira de Distribuicao operates as a retailer of food, clothing, home appliances, and other products through its chain of hypermarkets, supermarkets, and specialized and department stores primarily in Brazil. The company operates its stores under the names Pao de Acucar, CompreBem, Extra, Extra Eletro, Extra Perto, Extra Facil, Sendas, and Assai. As of December 31, 2008, it operated 597 stores. The company was founded in 1948 and is based in Sao Paulo, Brazil.

For the fiscal year ended 31 December 2005, Companhia Brasileira de Distribuicao Pao de Acucar's total revenues rose 7% to R$13.41B. Net income fell 45% to R$270.6M. Total revenues reflect increasing sales of food & non-food products. Net income reflects increased selling, administration, financial and miscellaneous expenses. Earnings were also offset by higher income tax provisions & investment net losses.