Growth in the domestic market has slowed over the last quarter (-0.5%). Total French sales were impacted by the transfer of stores to franchise. Only Monoprix and Casino supermarkets have posted positive growth and did better than in Q3. In LatAm, GPA and Exito performed well with 7.5% same-store-growth. Benefiting from a positive FX impact, total sales came in at €15,247m, i.e. +22.5%. Casino’s group sales stood at €36,030m as Via Varejo (LatAm non-food) and Nova Brazil (its
17 Jan 2017
Robust LatAm, not the core business
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Robust LatAm, not the core business
Casino, Guichard-Perrachon SA (CO:PAR) | 0 0 0.8% | Mkt Cap: 5,066m
- Published:
17 Jan 2017 -
Author:
Ranya GNABA -
Pages:
2
Growth in the domestic market has slowed over the last quarter (-0.5%). Total French sales were impacted by the transfer of stores to franchise. Only Monoprix and Casino supermarkets have posted positive growth and did better than in Q3. In LatAm, GPA and Exito performed well with 7.5% same-store-growth. Benefiting from a positive FX impact, total sales came in at €15,247m, i.e. +22.5%. Casino’s group sales stood at €36,030m as Via Varejo (LatAm non-food) and Nova Brazil (its