Atacadão S.A. (ATAAY)

UPDATE 1-Carrefour Brasil's gross sales up 2.5% in first quarter

Brazilian retailer Carrefour Brasil on Tuesday reported a 2.5% year-on-year increase in its first-quarter gross sales, which totaled 27.8 billion reais ($5.42 billion) in the period. The company controlled by French retail giant Carrefour said in a securities filing that gross sales of its hybrid wholesale unit Atacadao, which accounts for nearly 70% of group activity, rose 6.6% to 19.3 billion reais. Carrefour Brasil's retail segment, meanwhile, saw gross sales slip 10.7% to 6.9 billion reais, also considering gasoline sales, as the company closed 123 stores by the end of the quarter as part of a portfolio reshuffle it started late last year.