Investing.com - Companhia Brasileira de Distribuicao reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Companhia Brasileira de Distribuicao announced earnings per share of 0.0581 on revenue of 2.96B. Analysts polled by Investing.com anticipated EPS of 0.0477 on revenue of 2.71B.
Companhia Brasileira de Distribuicao shares are up 35.51% from the beginning of the year, still down 47.38% from its 52 week high of 8.40 set on June 23, 2021. They are outperforming the EUR/USD which is down 0% 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 Walmart on February 17, who reported EPS of 1.53 on revenue of 152.87B, compared to forecasts EPS of 1.5 on revenue of 151.72B.
Coca-Cola had beat expectations on February 10 with fourth quarter EPS of 0.45 on revenue of 9.47B, compared to forecast for EPS of 0.4118 on revenue of 8.99B.
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