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 January, 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: January 21, 1999 By: /s/ Augusto Marques da Cruz Filho
-----------------------------------------
Name: Augusto Marques da Cruz Filho
Title: Chief Financial Officer
By: /s/ Ricardo Florence dos Santos
-----------------------------------------
Name: Ricardo Florence dos Santos
Title: Market Relations Officer
[Companhia Brasileira de Distribuicao
Grupo Pao de Acucar LOGO]
- --------------------------------------------------------------------------------
For additional information please contact:
Ricardo Florence dos Santos David Carey / Rosemary Otero
Companhia Brasileira de Distribuicao Edelman Financial
(55-11) 886-0421 (212) 704-4449 / 4486
[email protected] [email protected]
COMPANHIA BRASILEIRA DE DISTRIBUICAO (CBD) TO FORM
ASSOCIATION WITH THE PERALTA SUPERMARKET CHAIN
Sao Paulo, Brazil, January 18, 1999 - Companhia Brasileira de Distribuicao
(NYSE:CBD, BOVESPA:PCAR4) today announced that it has formed an association with
Peralta Comercial e Importadora Ltda. to operate the chain's 37 supermarkets and
1 hypermarket, all of which are located in the State of Sao Paulo.
Terms of the association grants CBD with operational control of all stores as a
majority shareholder of Peralta. Details of the transaction will be finalized in
approximately 30 days.
Abilio Diniz, President of CBD stated, "This association allows us to
consolidate and strengthen our position in the Brazilian food retail market,
especially in the State of Sao Paulo, the largest economy in Brazil. This will
also allow us to maximize operational and logistical efficiencies. Peralta store
locations will be complementary to CBD's existing stores, since they are
primarily located in coastal cities of the State of Sao Paulo."
All 37 Peralta supermarket stores will be integrated within the next 15 months
into the Barateiro and Pao de Acucar divisions. The Peralta hypermarket, which
recently opened in December, 1998, will become the first Extra hypermarket in
the coastal region of Sao Paulo State.
Peralta operates a total of 38 stores within 48,000 square meters of sales area,
and has 3,000 employees. Total sales revenues during 1998 was approximately
R$340 million.
Following this association, Companhia Brasileira de Distribuicao operates a
total of 322 stores in 11 Brazilian states through three formats. In addition to
the Peralta, Pao de Acucar and Barateiro supermarket divisions, the Company
operates Extra hypermarkets and Eletro home appliance stores.
http://www.grupopaodeacucar.com.br
###
[Companhia Brasileira de Distribuicao
Grupo Pao de Acucar LOGO]
- --------------------------------------------------------------------------------
For additional information please contact:
Ricardo Florence dos Santos David Carey / Rosemary Otero
Companhia Brasileira de Distribuicao Edelman Financial
(55-11) 886-0421 (212) 704-4449 / 4486
[email protected] [email protected]
COMPANHIA BRASILEIRA DE DISTRIBUICAO (CBD) ANNOUNCES
DECEMBER 1998 NET SALES FIGURES
December 1998 Same Store Sales Increase 15%
Sao Paulo, Brazil, January 18, 1999 - Companhia Brasileira de Distribuicao
(NYSE:CBD, BOVESPA:PCAR4) today announced preliminary, non-audited December 1998
net sales figures. The information discussed below represents net sales
variations of all CBD stores and same store formats.
Total net sales for December 1998 increased 54.3% to R$ 590.6 million compared
to December 1997. Accumulated year end total net sales reached R$ 4,429.2
million, a 42.2% increase compared to the same period of 1997.
Same store net sales in December grew 15.0% compared to December 1997.
Accumulated year end same store sales increased 12.5% compared to the same
period of the previous year.
Total store sales variations are presented below in constant currency compared
to the sector performance figures for total stores published by ABRAS (Brazilian
Food Retailers Association), indexed by the accumulated inflation index for the
period, IGP-DI:
-------------------------
All Stores
1998 x 1997 CBD ABRAS
- ----------------------- ------------ -----------
December 52.5% 7.6%
4th Quarter 52.6% 9.1%
Accumulated Year End 37.2% 6.0%
- ------------------------------------------------
As a consequence of higher interest rates in the Brazilian economy, there
continued to be a trend of reduction in CBD credit sales. Post-dated check sales
decreased to 11.9% of total sales in the fourth quarter 1998 compared to 12.8%
in the previous quarter. Installment sales also decreased to 5.5% of total sales
compared to 5.8% in the third quarter 1998. CBD's sales mix was positively
affected by the increase in cash sales to 53.8% of total sales in the fourth
quarter 1998 compared to 51.8% in the previous quarter.
- more -
<PAGE>
Companhia Brasileira de Distribuicao
Page 2
Net Sales by Division 1998/1997 - Variation (%)
(Preliminary, non-audited)
------------------------------------------
Nominal Currency Constant Currency
(Corporate Law) (Indexed by IGP-DI)
--------------------- --------------------
December December
- -------------------------------------- --------------------
Total Same Total Same
- -------------------------------------- --------------------
Pao de Acucar 32.4% 21.6% 30.9% 20.1%
Extra 105.5% 12.5% 103.1% 11.2%
Eletro 34.7% 4.9% 33.1% 3.7%
Barateiro - o - 0.4% - o - - 0.8%
- -------------------------------------- --------------------
CBD 54.3% 15.0% 52.5% 13.6%
- -----------------------------------------------------------
------------------------------------------
Nominal Currency Constant Currency
(Corporate Law) (Indexed by IGP-DI)
--------------------- --------------------
Fourth Quarter Fourth Quarter
- -------------------------------------- --------------------
Total Same Total Same
- -------------------------------------- --------------------
Pao de Acucar 37.6% 22.5% 35.3% 20.5%
Extra 100.8% 16.1% 97.6% 14.3%
Eletro 34.8% 3.5% 32.6% 1.8%
Barateiro - o - 3.2% - o - 1.5%
- -------------------------------------- --------------------
CBD 55.1% 17.4% 52.6% 15.5%
- -----------------------------------------------------------
------------------------------------------
Nominal Currency Constant Currency
(Corporate Law) (Indexed by IGP-DI)
--------------------- --------------------
Accum. Year End Accum. Year End
- -------------------------------------- --------------------
Total Same Total Same
- -------------------------------------- --------------------
Pao de Acucar 23.8% 14.1% 19.3% 10.0%
Extra 94.2% 20.1% 87.6% 16.2%
Eletro 14.7% - 10.7% - 6.6%
3.3%
Barateiro - o - 3.2% - o - 1.5%
- -------------------------------------- --------------------
CBD 42.2% 12.5% 37.2% 8.5%
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Barateiro division same stores sales, as shown in the above table, include the
performance of 2 Superbox stores added to the division. These results were
obtained as a consequence of strong CBD store formats appeal, competitive prices
and higher quality service, resulting in higher consumers loyalty.
Companhia Brasileira de Distribuicao operates a total of 322 stores in 11
Brazilian states through three formats. In addition to the Peralta, Pao de
Acucar and Barateiro supermarket divisions, the Company operates Extra
hypermarkets and Eletro home appliance stores.
http://www.grupopaodeacucar.com.br
###
