According to the Abras Ranking, published annually by the Brazilian Supermarket Association (Abras), the French retailer earned almost 80% more than second-placed Assaí Atacadista, which achieved sales of R$ 59.7 billion (€11.1 billion).
Grupo Mateus, which operates supermarkets and wholesale stores in the north and northeast of the country, moved into third place, registering R$ 24.6 billion (€4.6 billion) in gross revenue last year.
The group, owned by France’s Casino, operates under the Pão de Açúcar, Compre Bem Açúcar, Compre Bem, Mercado Extra banners in Brazil, and Éxito in Colombia.
Rounding off the top five, with revenue of R$ 14 billion (€2.6 billion), was Supermercados BH.
Over 2,000 Stores Opened In 2022
The total turnover of the Brazilian supermarket sector reached R$ 695.7 billion (€130 billion) in 2022, accounting for 7.03% of national GDP, while the store total went from 92,500 in 2021 to 94,700 in 2022.
The Abras Ranking is produced alongside the consultancy NielsenIQ and analysed the results of 1,247 supermarket operators throughout Brazil.
Reason For Optimism
Between January and May, Brazil’s national supermarket chains added 166 stores, 86 of which were new (48 supermarkets and 38 wholesalers) and 80 were re-opened, according to Abras executive VP Márcio Milan.
He told daily Valor Economico that the sector is confident for the coming months, despite the slowdown in revenue growth of retailers in the last quarter.
‘We have lower unemployment than in the previous year, we had a real increase in the minimum wage, and the income transfer from government programs,’ said Milan.