Q3 sales progressed by 6.7% yoy to €10,425m, mainly driven by the LatAm retail business accounting for 37.14% of group sales (vs. 35.1% in Q2 16 and 30.0% in Q3 15). Casino derives 45.7% of its sales from its domestic market where growth slowed due to an underperforming non-food business hit by unfavourable weather conditions and the decline in tourist activity in Paris. The transfer of stores to franchisees and the closure of loss-making ones have remarkedly pulled down Leader Price, Fr

13 Oct 2016
Sales slowdown in France and currency gains in Brazil

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Sales slowdown in France and currency gains in Brazil
Casino, Guichard-Perrachon SA (CO:PAR) | 0 0 0.8% | Mkt Cap: 5,066m
- Published:
13 Oct 2016 -
Author:
Ranya GNABA -
Pages:
3 -
Q3 sales progressed by 6.7% yoy to €10,425m, mainly driven by the LatAm retail business accounting for 37.14% of group sales (vs. 35.1% in Q2 16 and 30.0% in Q3 15). Casino derives 45.7% of its sales from its domestic market where growth slowed due to an underperforming non-food business hit by unfavourable weather conditions and the decline in tourist activity in Paris. The transfer of stores to franchisees and the closure of loss-making ones have remarkedly pulled down Leader Price, Fr