São Paulo, April 29th, 2014- GPA [BM&FBOVESPA: PCAR4; and NYSE: CBD] releases its first quarter (1Q14) of 2014 earnings results.

GPA Consolidated

Gross revenue of R$16.597 billion, increasing 10.8%
Net income advances 22.9% to R$338 million

GPA Food

EBITDA up 3.2% to R$534 million, with EBITDA margin of 6.5%
Operating expenses as a percentage of net sales decreased from 18.4% in 1Q13 to 17.3% in 1Q14

Via Varejo + Nova Pontocom

EBITDA increases 49.6% to R$516 million, with EBITDA margin of 7.6%
Net income of R$167 million, up 67.8% from 1Q13

Click on the links below in order to access:

1Q14 Earnings Release

1Q14 ITR

Spreadsheet

CONFERENCE CALL WITH WEBCAST
April 30th, 2014
11:00 a.m. (Brasília time) | 10:00 a.m. (NY) | 3:00 p.m. (London)
Conference in English (simultaneous translation)
+1 (646) 843-6054
Webcast: click here.
Conference in Portuguese (original language)
+55 (11) 2188-0155
Webcast: click here.

Please dial in five minutes prior to the scheduled conference call time.

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