(Reuters) – Assai, a Brazilian cash-and carry chain reported Tuesday its first quarter net revenue at 11.443 billion reais ($2.45 Billion), 21.1% more than the period in 2021.

According to Assai, the figure is reflective of the outstanding performance of 32 stores that were opened in the past 12 months.

($1 = 4.6658 reais)