Brazilian Distribution Co. (GPA) reported strong Q4 2023 results with a net revenue growth of 6.3% to R$ 5.6 billion and an Adjusted EBITDA margin of 7.7%, reflecting significant operational improvements and a successful focus on profitability. Notably, it concluded the sale of its remaining 13.3% stake in Grupo Éxito for R$ 789 million on January 16, 2024, as part of its strategic shift towards the Brazilian market.