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Operator Good morning, ladies and gentlemen, and thank you for holding. At this time, we would like to welcome you to the GPA conference call to present the Earnings Results for the Fourth Quarter 2020. This event is being broadcast simultaneously through Internet through a video conference and can be accessed at www.gpari.com.br, where the respective presentation is available. You can flip through the slides at your convenience. The replay of this event will be available soon after closing. We would like to inform you that the press release on the company s results is also available on the IR site. This event is being recorded. [Operator Instructions] ....
Companhia Brasileira (CBD) Q4 Earnings & Revenues Grow Y/Y Zacks.com 2/24/2021 Companhia Brasileira de Distribuicao CBD or Grupo Pao de Acucar delivered robust fourth-quarter 2020 results, backed by strength in GPA Brazil (or Multivarejo) as well as Grupo Exito. Incidentally, Assai forms part of the company’s discontinued operations owing to the spinoff of the Cash & Carry operations. Popular Searches Despite the challenges posed by the pandemic in 2020, the company made solid progress on several strategic fronts. Food e-commerce played a significant role in 2020, driven by the expansion of the company’s logistic solutions. This, in turn, benefited from warehouses, last mile option and stores dedicated to e-commerce, and Click & Collect deliveries. E-commerce sales crossed R$1.1 billion in 2020, reflecting threefold growth from the previous year. Supermarket giants like ....