São Paulo, Brazil, October 13, 2015 - GPA [BM&FBOVESPA: PCAR4 (PN); NYSE: CBD] and Via Varejo S.A. [BM&FBOVESPA: VVAR3 and VVAR11] announce their sales performance in the third quarter of 2015.

- Net sales of R$16.1 billion, led by 7.3% growth in the Food segment, growing faster than the sector(*), driven by the strong performance at Assaí, the recovery of hypermarkets and the resilience of other food banners, effectively reinforcing the importance of the multi-format strategy; - On a same-store basis, Food grew 3.3% even faster than 2Q (1.8%) or 1H (2.7%); -Sequential improvement in sales and customer traffic at Multivarejo, driven by: consistent market share gains at Pão de Açúcar over the past two years, the solid expansion of Proximity stores, especially Minuto Pão de Açúcar, and the recovery at Extra due to increased price competitiveness and store renovations; - Renovation plan at the Extra banner should reach 50-60% of sales by 2016: around 60 stores renovated during 2015 or 25% of sales. Sales at renovated stores already outperform un-renovated stores by 10 p.p.; - Assaí: double-digit same-store sales growth, surpassing expectations, and strong organic growth, with 10 to 12 new stores expected to be opened in 2015; - Organic growth continues: 23 stores opened in 3Q15, bringing to 210 the total number of new stores opened in the last 12 months; - Via Varejo intensifies measures to improve sales and increase market share gains by boosting commercial initiatives, improving operational efficiency and investing in strategic categories (Crescer Mais project), as well as adjusting the Company's structure; - Solid growth at Cnova Brazil: GMV increased by 18.1%, with 12.8% share of marketplace (vs 4.2% in 3Q14), and more than1,250 pick-up points of Click & Collect.

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