Investing.com - Companhia Brasileira de Distribuicao reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Companhia Brasileira de Distribuicao announced earnings per share of -0.0157 on revenue of 1.81B. Analysts polled by Investing.com anticipated EPS of -0.0177 on revenue of 1.65B.
Companhia Brasileira de Distribuicao shares are down 16.94% from the beginning of the year, still down 55.31% from its 52 week high of 6.74 set on July 28, 2021. They are under-performing the PSI which is up 10.45% from the start of the year.
Companhia Brasileira de Distribuicao follows other major Consumer Staples sector earnings this month
Companhia Brasileira de Distribuicao's report follows an earnings beat by Coca-Cola on Tuesday, who reported EPS of 0.7 on revenue of 11.33B, compared to forecasts EPS of 0.6693 on revenue of 10.54B.
PepsiCo had beat expectations on July 12 with second quarter EPS of 1.86 on revenue of 20.23B, compared to forecast for EPS of 1.74 on revenue of 19.51B.
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