GPA Reports Billion-Real Loss Amid Restructuring and Operational Challenges

GPA (Grupo Pão de Açúcar), one of Brazil’s largest food retailers, reported a consolidated net loss of R$ 1.1 billion ($183 million) for the fourth quarter of 2024, more than tripling its loss from the same period in 2023. The announcement followed a 6.69% drop in GPA’s stock price (PCAR3) to R$ 2.93 on February […]