Q1 2025 Companhia Brasileira de Distribuicao SA Earnings Call (English, Portuguese) Transcript
Key Points
- Companhia Brasileira De Distribuicao (CBDBY) reported a same-store sales growth of 7.3% in Q1 2025, with gains across all banners.
- The Proximity format achieved a 63% market share in São Paulo, reflecting a 2.4 percentage point increase year-over-year.
- Digital channel sales increased by 16.9% to BRL 588 million, accounting for 12.6% of total sales.
- The company reported a gross profit of BRL 1.3 billion with a solid 27.6% margin, showing a consistent upward trend.
- Companhia Brasileira De Distribuicao (CBDBY) joined the B3 Corporate Sustainability Index, reaffirming its strong ESG commitment.
- The company reported a net loss of BRL 93 million in Q1 2025, although this was a 77% reduction compared to Q1 2024.
- Cash flow showed a significant gap compared to EBITDA, with cash consumption essentially flat despite EBITDA growth.
- The company faced a BRL 120 million reduction in other operating expenses due to lower provisions related to tax settlements.
- Net loss from discontinued operations was BRL 75 million, a 70% reduction compared to Q1 2024.
- CapEx totaled BRL 709 million, reflecting an increase versus the prior period, driven by higher disbursement from store opening and refurbishment.
Welcome to the earnings conference call to discuss the results for the first quarter of 2025 of GPA. (Operator Instructions) We inform you that this video conference is being recorded and will be made available on the company's IR website, where the complete material of our earnings release is available. You can also download the presentation using the chat icon. (Operator Instructions)
We point out that the information contained in this presentation and any statements that may be made during the video conference regarding business prospects, projections, operational and financial goals of GPA constitute the beliefs and assumptions of the company's management as well as information currently available. Forward-looking statements are no guarantee of performance. They involve risks, uncertainties and assumptions and, therefore, depend on circumstances that may or may not occur. Investors should understand that general economic conditions, market conditions and other operating factors could affect GPA's future results and could lead to outcomes that differ materially from those expressed in such
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