CBD Margins Lag Other Emerging Market Firms But Can Improve

The C of Brazil's largest grocery retailer Companhia Brasileira de Distribuição (CBD) has said that the firm's margins could improve significantly in coming years. CBD's operating margins currently trail well below many of its developed and emerging market peers (see chart), but C Hugo Bethlem said that margins were expected to widen thanks to greater negotiating power with suppliers, improved pricing strategies and improved efficiencies within the expanded home appliance

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