On December 8th, 2021, Companhia Brasileira de Distribuição (NYSE: CBD) held its Q4 2022 earnings call. The company reported a strong quarter, with revenue increasing by 10.5% year-over-year to $2.9 billion. Net income also increased by 11.7% to $310 million.
The company attributed its strong performance to the continued growth of its retail operations, which saw revenue increase by 11.7% year-over-year. This was driven by an increase in same-store sales and new store openings. Additionally, the company’s wholesale operations saw revenue increase by 8.4%, driven by an increase in sales of food and beverage products.
During the call, the company’s CEO, João Castro Neves, highlighted the company’s focus on digital transformation and its commitment to providing customers with a seamless shopping experience. He also noted that the company has invested heavily in its e-commerce platform, which has seen a significant increase in traffic and sales.
Looking ahead, the company expects to continue to grow its retail operations and invest in its e-commerce platform. Additionally, the company plans to expand its presence in international markets and continue to focus on providing customers with a superior shopping experience.
Overall, Companhia Brasileira de Distribuição had a strong Q4 2022 earnings call and is well-positioned for continued growth in the coming quarters. With its focus on digital transformation and commitment to providing customers with a superior shopping experience, the company is well-positioned to capitalize on the growing e-commerce market and continue to deliver strong results for shareholders.
Source: Plato Data Intelligence: PlatoAiStream