SAO PAULO, Jan 12 (Reuters) - Brazilian retailer GPA SA reported a 7.7 percent rise in fourth-quarter same-store food sales despite the country’s prolonged recession.
For the year, same-store food sales, or those from stores open more than a year, rose 6.7 percent, São Paulo-based GPA said in a securities filing.
Its consolidated food sales rose 11.4 percent to 41.54 billion reais ($13 billion) last year, it said.
GPA is controlled by France’s Casino Guichard Perrachon & Cie.
$1 = 3.1805 reais Reporting by Ana Mano; editing by Jason Neely