SALES PERFORMANCE 4Q16 AND 2016

São Paulo, Brazil, January 13, 2017 – GPA [BM&FBOVESPA: PCAR4; NYSE: CBD] and Via Varejo S.A. [BM&FBOVESPA:VVAR3 and VVAR11] announce their sales performance in the fourth quarter and fiscal year 2016.

FOOD BUSINESS

– Accelerating growth: net sales of R$11.7 billion in 4Q16, up 12.1% on 4Q15;

– In 2016, net sales advanced 11.4% from 2015 to R$41.5 billion;

– Assaí posted same-store sales growth of 18.6% in 2016, with consistent performance in each quarter;

– At Multivarejo, same-store sales recovered, supported by improvement at Extra Hyper: same-store sales growth of around 5%, compared to -2.5% in 9M16.

VIA VAREJO

– Offline business: Continued market share gains in a contracting market compared to 4Q15. While the October and November Monthly Retail Survey (PMC) for furniture and electronics sales published by the IBGE registered a contraction in sales of 8.7% and 2.8%, respectively, same-store sales performed better, contracting by only 1.7% in the quarter;

– Online business: Significant slowing in the decline in GMV (Gross Merchandise): -10.4% in 4Q16, vs. -24.2% in 3Q16, with a positive trend over the period.

For the complete release, click here.