Investing.com - Companhia Brasileira de Distribuicao reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Companhia Brasileira de Distribuicao announced earnings per share of -0.0383 on revenue of 2.01B. Analysts polled by Investing.com anticipated EPS of 0.8034 on revenue of 2.05B.
Companhia Brasileira de Distribuicao shares are down 9% from the beginning of the year, still down 44.88% from its 52 week high of 8.40 set on June 23, 2021. They are outperforming the Nasdaq which is down 17.13% 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 Procter&Gamble on April 20, who reported EPS of 1.33 on revenue of 19.38B, compared to forecasts EPS of 1.29 on revenue of 18.71B.
Coca-Cola had beat expectations on April 25 with first quarter EPS of 0.64 on revenue of 10.49B, compared to forecast for EPS of 0.5794 on revenue of 9.83B.
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