GPA 3Q16 Earnings Results October 2016

GPA reported Q3 2016 net sales of R$15.1 billion with adjusted EBITDA of R$619 million. The company demonstrated growth acceleration at Assaí (up 45.7%), recovery at Extra with market share gains, and solid performance across Via Varejo, supported by improving margins and strong financial liquidity of R$5.2 billion.