Companhia Brasileira de Distribuicao has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.

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Brazilian food retailer GPA on Wednesday reported gross revenue of 21.6 billion reais ($4.1 billion) in the first quarter for operations including Argentina, Colombia and Uruguay, up 14% year-on-year. In Brazil only, GPA reported a 15% rise in quarterly gross revenue to 15.9 billion reais, of which 8.5 billion reais came from its fast-growing wholesale unit Assaí, the company said in a securities filing.

Brazilian supermarkets chain Grupo Pao de Acucar SA has teamed-up with a local brewery to launch its own craft beer brand, a move likely to boost the share of in-house products in its total sales to over 20% in 2020, an executive said. The local subsidiary of France's Casino Guichard Perrachon SA currently offers its customers over 2,000 in-house products from various categories, representing approximately 13% of total sales, according to its most recent earnings report. GPA's launch of its "Fábrica 1959" beer brand comes amid growing consumer interest in craft beers around the world.

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Companhia Brasileira's (CBD) reports strong Assai unit sales in the third quarter of 2019. E-commerce sales at Multivarejo surge.

Brazilian retailer Grupo Pão de Açúcar SA expects better sales after it completes supermarket conversions and renovations in early 2020, its chief executive said on Thursday. "Consumption prospects are more positive, which alongside our efforts to conclude conversions and renovations in the first months of 2020, will allow us to enter an even better cycle," CEO Peter Estermann told analysts and investors in a call on quarterly results. GPA's shares edged down 0.4% to 82.73 reais, trimming gains so far this year to around 3%.

SAO PAULO/PARIS, June 27 (Reuters) - Casino Guichard Perrachon on Thursday unveiled a plan to simplify the complex shareholding structure for its Latin American operations, sending shares in its Brazilian and Colombian units soaring. The restructuring would result in Casino controlling its Latin American business in Brazil, Colombia, Uruguay and Argentina through a 41.4% stake in Brazilian unit Grupo Pao de Acucar (GPA). Casino, which has been grappling with high debt, has been trying to address investor criticism over the complex and sometimes opaque structure of its business.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today

Outlook for Supermarkets Industry Rosy on Omnichannel Strength

Brazilian food retailer GPA SA plans to open its first store to test technologies such as facial recognition and "scan & go" shopping by year-end, following in the footsteps of parent company Casino, which opened a checkout-free store in Paris last November. The Sao Paulo-based store, which will use technology from Microsoft Corp, makes GPA the latest supermarket chain to experiment with formats similar to Amazon.com Inc's Amazon Go checkout-free convenience stores the Web-based retailer has rolled out in the United States. The GPA store will also follow a partnership struck in March by rival Carrefour Brasil to set up a fully automated 24-hour convenience store with local startup Zaitt.

Brazilian retailers are feeling the coronavirus heat as malls close and people stay at home, but e-commerce may benefit. Brazil's association of e-commerce, ABComm, said on Thursday that it is likely to review its 2020 outlook soon, with some websites already seeing a surge in sales since March 12 of up to 180%, mainly in food and pharmaceutical items. Before the coronavirus outbreak, ABComm expected Brazilian e-commerce sales to grow 18% in 2020 from 2019 to 106 billion reais ($20.8 billion).

CBD earnings call for the period ending March 31, 2020.

Brazilian supermarket group Grupo Pão de Açúcar SA has signed a deal with drugstore chain RD SA to create a loyalty program joint venture expected to start in the second half of 2020, both companies said on Wednesday. Under the terms of the agreement, which is still subject to approval by local antitrust regulator Cade, GPA, the local subsidiary of France's Casino Guichard Perrachon SA, will have a 66.7% stake in the joint venture and RD the remaining 33.7%, they said in a securities filing. Called Stix Fidelidade, the new loyalty program is a push to broaden their customer base, as well as shopping frequency for both companies, GPA's Chief Executive Peter Estermann told journalists on Wednesday.

Brazilian food retailer GPA SA said it was warned by the New York Stock Exchange about its delay to file the 20F report related to 2019 results. In a securities filing late on Thursday, GPA, controlled by France's Casino Guichard Perrachon, said the company is waiting for its former subsidiary Via Varejo SA to republish its 2017 and 2018 results, applying the International Financial Reporting Standards 16. GPA sold all its stake in Via Varejo last June, to a group of investors.

Companhia Brasileira (CBD) is battling macroeconomic headwinds and hurdles related to high investment costs. However, the Assai segment continues to stand strong.

Companhia Brasileira (CBD) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.