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Article Date: March 2023
Word Count: 360

Grupo SBF’s Sales Jump, but Profits are Pressured


Net income was down 50% to BRL 140,666,000 ($26.8 mm) from BRL 288,477,000 on revenue that increased 18% to BRL 1,983,093,000 ($377.4 mm) from BRL 1,683,464,000. Centauro saw adjusted net revenue increased 9% to BRL 1,148.2 million, coming in under guidance on continued supply chain pressures. Brick and mortar stores were up 10% to BRL 845.0 million on six new G5 stores and renovation of an additional 10 stores to the G5 model over the trialing 12 months, along with World Cup boosts. The banner’s digital platform gained 6% to BRL ... Log in to view full article.

 


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