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 March, 2000
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: March 3, 2000 By: /s/ Augusto Marques da Cruz Filho
-----------------------------------------
Name: Augusto Marques da Cruz Filho
Title: Chief Financial Officer
By: /s/ Aymar Giglio Junior
-----------------------------------------
Name: Aymar Giglio Junior
Title: Investors Relations Director
[LOGO]
Investor Relations
Av. Brig. Luis Antonio, 3126
1o andar - Jd. Paulista
CEP: 01402-901
Sao Paulo - SP - Brazil
Companhia Brasileira de Distribuicao (CBD)
Announces January 2000 Net Sales
- --------------------------------------------------------------------------------
Sao Paulo, Brazil, March 3, 2000 - Companhia Brasileira de Distribuicao (NYSE
{CBD}; BOVESPA {PCAR4}) today announced preliminary, non-audited January 2000
net sales figures.
- --------------------------------------------------------------------------------
January 2000 consolidated net sales (banner sales, including affiliated company)
in nominal currency totaled R$553.2 million, a 32.9% increase compared to the
same period in 1999.
January 2000 same store net sales increased
by 0.3% compared to January 1999.
Net Sales by Division 2000/1999 - Variation (%) Highlights
(Preliminary, non-audited)
----------------------- Number of clients
Nominal Currency grew 36.8%
Corporate Law compared to January
----------------------- 1999.
January
- ---------------------------------------- January 2000
All Same same store sales
- ---------------------------------------- increased 0.3%.
Pao de Acucar 15.3% 3.1%
Barateiro 109.2% 8.5%
Extra 39.3% -5.4%
Eletro 0.2% 2.5%
- ----------------------------------------
CBD 32.9% 0.3%
- ----------------------------------------
CBD total net sales reached R$493.2 million in nominal currency in January 2000,
representing a 18.5% increase compared to January 1999.
Factors that contributed to these results include:
o The Pao de Acucar division continued to present a positive
performance despite last year's strong comparative basis (nominal growth
reached 16.6% in January 1999). This reflects the positive effects of
efforts aimed to continue increasing the Company's customer base through
the continuous investments made to store remodelings and improvements in
customer service.
o Extra hypermarkets were also affected by the strong comparative
basis of January 1999 (an 11.1% increase) and by the anticipation of the
beginning of Extra's promotional sales, that traditionally happen entirely
in January, to December 1999.
o Stores of the Barateiro division continued to present the best
performance compared to CBD's other divisions, reflecting a better
positioning of the brand, development of Barateiro Private Brands, as well
as benefits from the store remodeling process ("New Face" project), which
is always being improved.
o The Eletro division presented, after a long period of negative
performance, a positive performance (2.5%). This is a result of the store
remodeling process ("Eletro of the Future") and of a scenario marked by
lower interest rates and currency stabilization.
CBD has been adopting the IGP-DI index to calculate its constant currency sales.
The IGP-DI index is also used by ABRAS (Brazilian Supermarket Association) to
calculate total sales evolution for the sector.
1
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Taking into consideration existing discrepancies between the IGP-DI and
inflation indices which best represent the sector's price evolution, ABRAS has
been developing studies aimed at a possible change of the indexer. Assuming that
ABRAS confirms this change, CBD will also adopt the same indicator to present
its sales performance in real terms upon completion of the ABRAS studies.
January 2000 constant currency sales (indexed by IGP-DI) presented a 10.9%
increase, while total sales for the sector decreased by -3.79% according to
ABRAS (Brazilian Supermarkets Association) figures.
Net Sales Evolution by Division 2000/1999 - Variation (%)
(Preliminary, non-audited)
Constant Currency
-------------------------------------------------------------
Indexed by IGP-DI1 Indexed by IPCA2
- --------------------------------------------------------------------------------
January January
- --------------------------------------------------------------------------------
All Same All Same
- --------------------------------------------------------------------------------
Pao de Acucar -3.8% -14.0% 5.9% -5.3%
Barateiro 74.6% -9.4% 92.2% -0.3%
Extra 16.2% -21.0% 28.0% -13.1%
Eletro -16.4% -14.5% -7.9% -5.8%
- --------------------------------------------------------------------------------
CBD 10.9% -16.3% 22.1% -7.9%
- --------------------------------------------------------------------------------
1 IGP-DI: General Index of Prices (adopt by ABRAS to calculate constant
currency sales)
2 IPCA: Ample Consumer Price Index (adopt by Government to monitor inflation)
Forms of Payment
<TABLE>
<CAPTION>
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1998 1999 4Q99 Nov/99 Dec/99 Jan/00
- --------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Cash 51.6% 56.3% 57.0% 56.7% 58.6% 57.3%
Credit Card 21.7% 22.7% 22.5% 23.3% 21.6% 24.3%
Food Voucher 7.5% 6.4% 5.6% 5.5% 5.2% 6.2%
Credit 19.2% 14.6% 14.9% 14.5% 14.6% 12.2%
Post-dated Checks 13.5% 10.2% 9.4% 9.3% 8.8% 6.9%
Installments 5.7% 4.4% 5.5% 5.2% 5.8% 5.3%
- --------------------------------------------------------------------------------------------------
</TABLE>
CBD announces the expansion of its operations in the states of Sao Paulo and
Fortaleza
CBD informs the acquisition and beginning of operations of the following stores:
1 store located in Ferraz de Vasconcellos, in the greater Sao Paulo area, with
1,200 square meters, which was previously operated by Cibus chain and 1 store in
the city of Sao Paulo, with 2,200 square meters, which was operated by ITA
chain. Both stores are being converted into the Barateiro format .
CBD also announces the acquisition of 9 stores previously operated by Mercadinho
Sao Luiz chain. These stores are located in the city of Fortaleza, with a floor
space of 8,000 square meters and all of them will be converted into the Pao de
Acucar format.
Companhia Brasileira de Distribuicao and its affiliated company operate a total
of 356 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.
For more information please contact:
Aymar Giglio Junior Monica Lopes
Investor Relations Director - CBD Edelman Financial
Phone: 55 (11) 886 0421 Phone: 001(212) 704 4486
Fax: 55 (11) 884 2677 Fax: 1(212) 768 1025
Email: [email protected] Email: [email protected]
Fernando Tracanella
Email: [email protected]
http://www.grupopaodeacucar.com.br
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