Grupo Mateus is the quiet giant of Brazil’s North and Northeast, a supermarket chain that turned a single counter in Maranhão into a 282-store operation. It sells everything from wholesale groceries to furniture, making it the third-largest food retailer in the country. Full nameGrupo Mateus S.A. Tickers / exchangeGMAT3 / B3 (São Paulo) HeadquartersSão Luís, Maranhão, Brazil SectorConsumer Cyclical — Department Stores Employees~65,000 (from company site) Market valueR$ 8.94 bn / US$ 1.75 bn Yearly salesR$ 38.42 bn / US$ 7.55 bn Net profitR$ 1.83 bn / US$ 360 m Net margin4.5% (our calculation) Return on equity16.0% Price-to-earnings4.9 Dividend yield4.8% Websitegrupomateus.com.br What …
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