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 August, 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: August 2, 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
[LOGO] COMPANHIA BRASILEIRA DE DISTRIBUICAO
Grupo Pao de Acucar
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For additional information please contact:
Ricardo Florence dos Santos Rosemary Otero
Companhia Brasileira de Distribuicao Edelman Financial
(55-11) 886-0421 (212) 704-4486
[email protected] [email protected]
Companhia Brasileira de Distribuicao (CBD)
Announces May 1999 Net Sales Figures
o May 1999 all stores sales grew 36.8% compared to May 1998
o Same store sales increased 4.8%
o Number of clients grew 65.1% compared to May 1998, whereas
floor space increased 40.6% in the same period
Sao Paulo, Brazil, June 17, 1999 - Companhia Brasileira de Distribuicao
(NYSE:CBD, BOVESPA:PCAR4) today announced preliminary, non-audited May 1999 net
sales figures. The information discussed below represents net sales variations
of CBD all stores and same store formats.
Total net sales for May 1999 increased 36.8% to R$452.4 million compared to the
same period of 1998. Sales in constant currency (indexed by IGP-DI) demonstrated
a 26.5% growth during May 1999.
Same store net sales in May 1999 grew 4.8% compared to May 1998.
Net Sales by Division 1999/1998 - Variation (%)
(Preliminary, non-audited)
------------------------------------------
Nominal Currency Constant Currency
Corporate Law (Indexed by IGP-DI)
--------------------- --------------------
May May
- ----------------------------------------------------------- --------------------
All Same All Same
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Pao de Acucar 21.4% 12.9% 12.2% 4.3%
Barateiro - 32.6% - 22.6%
Extra 53.7% 1.8% 42.0% -5.9%
Eletro -1.1% -29.1% -8.6% -34.5%
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CBD 36.8% 4.8% 26.5% -3.1%
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Factors which contributed to these results were:
o Improved performance of supermarket operations as a result of renovated
Barateiro and Pao de Acucar stores. Same store sales from the Barateiro
division presented a nominal increase of 32.6%, reflecting the performance
of the 22 Pao de Acucar stores converted into Barateiro supermarkets.
Barateiro stores acquired in June 1998 will be included in same store sales
concept as of June 1999.
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2
o Customer base increase of 65.1% compared to May 1998, reflecting the
Company's commitment to satisfy customers' needs, strengthened by the hiring
of 150 "Pao de Acucar Researchers" aimed at informing customers of best-buy
purchases.
o Improvement of Extra division performance compared to April 1999, reflecting
Mother's Day promotions.
As a result of lower interest rates in the Brazilian economy in May 1999, there
was a slight change in form of payments composition compared to the first
quarter of 1999. There continues to be a trend toward maintaining credit card
sales. However, installment sales increased from 3.2% in April 1999 to 4.4% in
May 1999.
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Form of Payment 3Q98 4Q98 1Q99 May
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Cash 51.8% 53.8% 56.2% 54.9%
Credit 48.2% 46.2% 43.8% 45.1%
Credit Card 22.1% 21.5% 22.9% 23.0%
Food Voucher 7.5% 7.3% 7.2% 7.4%
Post-dated Checks 12.8% 11.9% 10.5% 10.3%
Installments 5.8% 5.5% 3.2% 4.4%
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Companhia Brasileira de Distribuicao operates a total of 321 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.gruppaodeacucar.com.br
###
[Logo]
Grupo Pao de Acucar
Investor Relations
Av. Brig. Luis Antonio, 3.126
1 andar - Jd. Paulista
CEP: 01402-901
Sao Paulo - SP - Brasil
Companhia Brasileira de Distribuicao (CBD)
Announces June 1999 Net Sales
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Sao Paulo, Brazil, July 15, 1999 - Companhia Brasileira de Distribuicao
(NYSE:CBD, BOVESPA:PCAR4) today announced preliminary, non-audited June 1999 net
sales figures. The information discussed below represents net sales variations
of CBD all stores and same store formats.
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Highlights
June 1999 same
store sales
increased 8.3%
compared to June
1998.
Number of clients
grew 34%
compared to June
1998.
Floor space
increased 15% in
the same period.
Total net sales for June 1999 increased 23.2% to R$427.5 million compared to the
same period in 1998.
Same store net sales in June 1999 grew 8.3% compared to June 1998.
Net Sales by Division 1999/1998 - Variation (%)
(Preliminary, non-audited)
------------------------------------------
Nominal Currency Constant Currency
Corporate Law Indexed by IGP-DI
--------------------- --------------------
June June
- ----------------------------------------------------------- --------------------
All Same All Same
- ----------------------------------------------------------- --------------------
Pao de Acucar 20.8% 13.0% 11.5% 4.3%
Barateiro 31.2% 10.7% 21.1% 2.2%
Extra 56.1% 8.2% 44.1% -0.1%
Eletro 7.8% -21.8% -0.4% -27.8%
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CBD 23.2% 8.3% 13.8% 0.0%
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Factors which contributed to these results were:
o Improved performance of supermarket operations demonstrating a favorable
scenario for food products, as well as positive results from investments
made in renovations and customer service.
o Improvement of Extra division performance compared to previous months,
demonstrating an improved scenario for non-food products, as well as
continuous benefits from stores remodeling. Sales from the 32 Barateiro
supermarkets acquired in June 1998 were distributed among CBD's divisions as
follows: 7 Extra hypermarkets and 25 Barateiro supermarkets.
o Customer base increase of 34% compared to June 1998, greater than floor
space increase of 15% in the same period.
<PAGE>
Credit card and post-dated check sales did not present any significant change
compared to the first quarter of 1999. However, installment sales increased to
3.9% in the second quarter of 1999 compared to 3.2% in the first quarter of
1999, representing 4.2% in June 1999. This was mainly due to lower interest
rates.
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Form of Payment 4Q98 1Q99 2Q99 June 99
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Cash 53.8% 56.2% 55.8% 55.7%
Credit 46.2% 43.8% 44.2% 44.3%
Credit Card 21.5% 22.9% 23.0% 23.1%
Food Voucher 7.3% 7.2% 6.9% 6.6%
Post-dated Checks 11.9% 10.5% 10.4% 10.3%
Installments 5.5% 3.2% 3.9% 4.2%
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Companhia Brasileira de Distribuicao operates a total of 320 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.
NOVASOC Ltda.
During June 1999, 10 supermarkets leased from the Paes Mendonca chain initiated
operations with the Novasoc Ltda. company, under the formats Pao de Acucar (9
stores) and Barateiro (1 store). Product supplied from CBD's distribution center
to these stores totaled R$ 4 million during this period.
The hypermarkets and other supermarkets are currently being renovated and
converted into CBD's store formats. Operations are estimated to begin during the
third quarter of 1999.
<TABLE>
<S> <C>
Ricardo Florence dos Santos Rosemary Otero
Investor Relations Director - CBD Edelman Financial
Tel: (55-11) 886 0421 Fax: (55-11) 884 2677 Tel: (212) 704 4486 Fax: (212) 768 1025
Email: [email protected] Email: [email protected]
Fernando Tracanella
Email: [email protected]
</TABLE>
Website: http://www.grupopaodeacucar.com.br
