Companhia Brasileira De Distribuicao (CBDBY) Q1 2025 Earnings Call Transcript

2025-05-06 15:26:09 ET

Companhia Brasileira De Distribuicao (CBDBY)

Q1 2025 Earnings Conference Call

May 6, 2025, 08:00 AM ET

Company Participants

Marcelo Pimentel - Chief Executive Officer

Rafael Russowsky - Chief Financial Officer and Investor Relations Director

Conference Call Participants

Ruben Couto - Santander

Danniela Eiger - XP

Felipe Rached - Goldman Sachs

Iago Souza - Genial Investimentos

Joao Pedro Soares - Citi

Gustavo Fratini - Bank of America

Nicolas Larrain - JPMorgan

Andrew Ruben - Morgan Stanley

Presentation

Operator

Good morning, everyone. Thank you for standing by. Welcome to the Earnings Conference Call to discuss the Results for the First Quarter of 2025 of GPA. For those who need simultaneous translation, we have this tool available on the platform. To that end, just click on the interpretation button through the globe icon at the bottom of the screen and choose your preferred language, Portuguese or English.

For those listening to the video conference in English, there's an option to mute the original audio in Portuguese, by clicking on mute original audio. We inform you that this video conference is being recorded and will be made available on the company's IR website, where the complete material of our earnings release is available. You can also download the presentation using the chat icon.

During the company's presentation, all participants will have their microphone disabled. Then we'll start the question-and-answer session. To ask a question, click on the icon Q&A at the bottom of the screen, and write down your question to get in line. When being announced, a request to activate your microphone will appear on the screen, and then you must unmute your microphone to ask your questions.

We recommend that the questions should be asked all at once. We point out that the information contained in this presentation, and any statements that maybe made during the video conference regarding business prospects, projections, operational and financial goals of GPA, constitute the beliefs and assumptions of the company's management as well as information currently available.

Forward-looking statements are no guarantee of performance. They involve risks, uncertainties and assumptions, and therefore depend on circumstances that may or may not occur.

Investors should understand that general economic conditions, market conditions and other operating factors could affect GPA's future results and could lead to outcomes that differ materially from those expressed in such forward-looking statements. With us here today, are the CEO of GPA, Marcelo Pimentel, and the CFO and Investor Relations Officer, Rafael Russowsky....

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