Brazil's GPA tumbles after Q2 earnings, store openings projection discontinued

** Shares in Brazilian food retailer GPA PCAR3 tumble on Wednesday after reporting its quarterly results and its decision to stop releasing estimates for store openings

** GPA net loss reaches 216 million reais ($39.5 million) in the second quarter, slightly better than the 235 million real loss expected by analysts in a LSEG poll

** GPA says in a Tuesday filing that as of the second quarter, it will stop releasing estimates for store openings, as there are fewer openings expected for the second half of this year and 2026

** "Nothing much to cheer about," Citi analyst Joao Pedro Soares writes in a Tuesday report

** The analyst mentions GPA's consistent control of selling, general and administrative expenses, but says GPA's high leverage and sizeable financial expenses persist

** GPA's shares fall some 9% in Sao Paulo in afternoon trading, being the largest decline among stocks from the Brazilian equity benchmark index Bovespa IIBOV, which is up some 1%

($1 = 5.4648 reais)