SAO PAULO -(Dow Jones)- Brazilian grocer Companhia Brasileira de Distribuicao (NYSE:CBD) (CBD), or CBD, reported May same-store sales rose 12.1% from the year ago month, the company said in a statement late Monday.
Gross sales for May, which includes new stores opened in the last 12 months, totaled 1.71 billion Brazilian reals ($1.05 billion), up 24.9% from the year-ago period, CBD said. Net sales for May rose 28.2% from the year-ago period at BRL1.48 billion.
According to CBD, two main factors made a positive contribution to its May sales.
"The calendar effect (the Corpus Christi holiday and one more Friday and Saturday than in the same period in 2007), had an impact of around 250 basis points and the increase in the average ticket," said CBD.
CBD is jointly controlled by local Sao Paulo businessman Abilio Diniz and French retail company Casino Guichard-Perrachon (Euronext:12558) et Cie SA (12558.FR). Its rivals in Brazil include two of the world's biggest retailers, U.S. giant Wal-Mart Stores Inc. (NYSE:WMT) (WMT) and France's Carrefour SA (Euronext:12017) (12017.FR).
On Monday, the company's shares rose 2.21% to BRL37.62 on the Sao Paulo Stock Exchange, the Bovespa.
-By Rogerio Jelmayer, Dow Jones Newswires; 5511-6847-4521; rogerio.jelmayer@ dowjones.com
(END) Dow Jones Newswires 06-17-08 0646 Copyright (c) 2008 Dow Jones & Company, Inc.
