Sales of 44.6 billion in total Food GPA 2017

The GPA (Sugar Group) reported on Monday (15/1) the retailer's results in the fourth quarter of 2017 and also all year. In the food segment (Multivarejo + Assai), net sales totaled $44.6 billion and R growth of 4.3% in the same store concept in 2017. In the fourth quarter of last year, net revenue was R $12.5 billion, with high of 3.5% in same stores.
In the Multivarejo channel (Extra flags and Pão de Açúcar) total net sales reached $26.1 billion in 2017 and R R $7.1 billion between October and December last year, in comparison with the same period in 2016.
The multivarejo business had a 4.9% drop in total of shops and 0.6% in same units in the fourth quarter of 2017. According to the statement, the sales performance was negatively affected by: deflation of the food categories, with greater intensity in the seasonal products for Christmas; and continuity of channel migration in relation to the economic scenario.
The report said that the Extra Hyper followed showing a good sales performance between the flags, as much in the quarter as the year, boosted by the performance of non-food categories. The Sugarloaf increased volumes, even though it was affected by the reform process of 50 stores in the quarter (11 full reforms and 39 light) that represent about 35% of the sales of the format. In 2018 the flag follows the plan of reform about of 20 shops in the full concept.

The atacarejo flag, the Assai recorded net revenue of R $5.4 billion from October to December, with total growth of 28.2% and 10.7% in the same store concept. In the year 2017, the sales register R $18.4 billion.
According to the statement from the company, the effects of food deflation were absorbed by the growing performance of client flow and volume; the success of ' Assam ' Birthday in the month of October and the success of ' Black Friday ' held for the first time on the flag, especially in the category of Bazaar. In the period 11 stores were inaugurated, being 8 conversions and organic, totaling 3 20 new stores in the year.