Brazil retailer GPA says still focused on competitive food prices
SAO PAULO Feb 13 (Reuters) - Brazil's biggest retailer, GPA SA, remains focused on offering competitive prices at its supermarkets and convenience stores to win market share in a consumer slowdown, Chief Financial Officer Christophe Jose Hidalgo said on Friday.
A jump in fourth-quarter gross profit margins at food stores, reported in earnings on Thursday, was due to a shifting sales mix and store openings rather than raising prices, Hidalgo told analysts on a conference call. (Reporting by Brad Haynes and Marcela Ayres; Editing by Chizu Nomiyama)
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