Its name means "good price" in Portuguese.

As of March 2004[update], Bompreço is owned by Walmart.

[2] The operating company, Walmart Brasil, has its headquarters in Barueri, São Paulo State.

[3] Prior to the buyout by Walmart, Bompreço S.A. Supermercados do Nordeste, headquartered in Ipatinga, Recife, Pernambuco, was owned by the Dutch retailer Ahold (now Ahold Delhaize).

[4] Currently, Bompreço supermarkets are in the process of being converted into Walmart Supermercado stores and Hiper Bompreço stores are being converted into Walmart Supercenters.