FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of October, 1999
Brazilian Distribution Company (Companhia Brasileira de Distribuicao - CBD)
(Translation of Registrant's Name Into English)
Av. Brigadeiro Luiz Antonio,
3126 Sao Paulo, SP 01402-901
Brazil
(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F [X] Form 40-F [ ]
(Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes [ ] No [X]
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
COMPANHIA BRASILEIRA DE DISTRIBUICAO
Date: September 30, 1999 By: /s/ Augusto Marques da Cruz Filho
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Name: Augusto Marques da Cruz Filho
Title: Chief Financial Officer
By: /s/ Ricardo Florence dos Santos
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Name: Ricardo Florence dos Santos
Title: Market Relations Officer
[LOGO] COMPANHIA BRASILEIRA DE DISTRIBUICAO
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Grupo Pao de Acucar
For additional information please contact:
Ricardo Florence dos Santos David Carey
Companhia Brasileira de Distribuicao Edelman Financial
(55-11) 886-0421 (212) 704-4449
[email protected] [email protected]
Fernando Tracanella
(5511) 886-0421
[email protected]
COMPANHIA BRASILEIRA DE DISTRIBUICAO (CBD) ANNOUNCES
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RESULTS OF DEBENTURE ISSUANCE AND COMMON SHARE ISSUANCE
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Sao Paulo, Brazil, September 28, 1999 - Companhia Brasileira de Distribuicao
(NYSE:CBD; BOVESPA:PCAR4) today announced the result of its recent convertible
bond debenture issue and the total subscription of common shares and warrants
for common shares.
French retailer Casino Guichard Perrachon acquired all of the convertible
debentures from the issuance, resulting in an inflow to CBD of R$302.9 million.
Casino also subscribed to a total of 12.57 billion common shares, and warrants
for common shares of 12.57 billion, generating additional resources of R$687.8
million and R$343.9 million, respectively.
The total inflow received by the Company to date is R$1,334.6 million. CBD will
inform the market on the results of its preferred share issuance and warrants
for preferred shares, once this information becomes available.
Companhia Brasileira de Distribuicao and its affiliated company, operate a total
of 340 stores in 11 Brazilian states through three formats. In addition to the
Pao de Acucar and Barateiro supermarket divisions, the Company operates Extra
hypermarkets and Eletro home appliance stores.
http: //www.grupopaodeacucar.com.br
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[LOGO]
Grupo Pao de Acucar
Investor Relations
Av. Brig. Luis Antonio, 3.126
1o andar - Jd. Paulista
CEP: 01402-901
Sao Paulo - SP - Brasil
Companhia Brasileira de Distribuicao (CBD)
Announces August 1999 Net Sales
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SAO PAULO, BRAZIL, September 28, 1999 - Companhia Brasileira de Distribuicao
(NYSE:CBD, BOVESPA:PCAR4) today announced preliminary, non-audited August 1999
net sales figures. The information discussed below represents net sales
variations of CBD all store and same store formats.
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Highlights
August 1999 SAME STORE SALES increased 2.8% compared to July 1998.
NUMBER OF CLIENTS grew 26.5% compared to August 1998.
FLOOR SPACE increased 12.1% in the same period.
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TOTAL NET SALES for August 1999 increased 16.5% to R$457.1 million compared to
the same period in 1998. Total sales in constant currency indexed by IGP-DI
increased 4.3% compared to an 8.8% sector decrease recorded by ABRAS (Brazilian
Food Retailers Association).
SAME STORE NET SALES in August 1999 grew 2.8% compared to August 1998.
NET SALES BY DIVISION 1999/1998 - VARIATION (%)
(Preliminary, non-audited)
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Nominal Currency Constant Currency
Corporate Law Indexed by IGP-DI
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August August
- ----------------------------------------------- -------------------------------
----------------------------- -------------------------------
All Same All Same
- ----------------------------------------------- -------------------------------
Pao de Acucar 32.1% 12.9% 18.2% 1.1%
Barateiro 30.9% 1.9% 17.2% -8.8%
Extra 18.4% -4.5% 5.9% -14.5%
Eletro -5,4% -5.2% -15.4% -15.2%
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CBD 16.5% 2.8% 4.3% -8.0%
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Factors which contributed to these results include:
* The Pao de Acucar division continued demonstrating a positive performance
despite strong sales reported in August 1998 in celebration of Pao de
Acucar's 50-year Anniversary. This reflects the continued favorable
environment for food sales, as well as the positive effects of investments
made to store remodelings and improvements in customer service.
* The Barateiro division did not reach the same performance as the Pao de
Acucar Division, especially the stores originally operated by the Barateiro
chain. The store renovation program begun in August, 1999 (Project "New
Face") combined with studies aimed at developing private brands are
expected to positively impact sales in the coming months.
- more -
<PAGE>
* Extra division performance was affected by the previous year's strong
comparative base, when CBD registered nominal same store sales growth of
23.4% compared to August 1997 (19.2% in real terms). August 1998's strong
performance was largely attributed to the inclusion of sales from the
opening of 5 renovated Extra Hypermarkets, 3 of which were former Superbox
stores and 2 of which previously operated as Barateiro stores.
* The Eletro division continues to demonstrate an improved same store sales
trend, responding to an economic scenario that favors sales of non-food
products.
* CBD continues to expand its customer base, increasing 26.5% against August
1998, which is significantly higher than the 12.1% increase in floor space
during the same period.
Form of Payment
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1Q99 2Q99 July 99 Aug/99
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Cash 56.2% 55.8% 55.6% 55.9%
Credit Card 22.9% 23.0% 22.5% 22.8%
Food Voucher 7.2% 6.9% 6.4% 6.1%
Credit 13.7% 14.3% 15.5% 15.2%
Post-dated Checks 10.5% 10.4% 10.9% 10.3%
Installments 3.2% 3.9% 4.6% 4.9%
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During August, product transfers from CBD's Distribution Centers to Novasoc
represented R$22.9 million.
Companhia Brasileira de Distribuicao and its affiliated company operate a total
of 340 stores in 11 Brazilian states through three formats. In addition to the
Pao de Acucar and Barateiro supermarket divisions, CBD operates Extra
hypermarkets and Eletro home appliance stores.
Ricardo Florence dos Santos David Carey
Investor Relations Director - CBD Edelman Financial
Tel: (55-11) 886 0421 Tel: (212) 704-4449
Fax: (55-11) 884-2677 Fax: (212) 768-1025
Email: [email protected] Email: [email protected]
Fernando Tracanella
Email: [email protected]
Website: http://www.grupopaodeacucar.com.br
