The strong Q3 performance was led by a sustained top-line growth in France and Brazil. Besides benefiting from moderate inflation in both the countries, a strong volume uptick in Brazilian food retail business was also noticeable. We believe the strong momentum will persist in the near term. Moreover, Casino’s progress on the cost-cutting and deleveraging front is also encouraging. No change to our stock recommendation.
20 Nov 2018
Strong Q3 results; deleveraging plan on-track
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Strong Q3 results; deleveraging plan on-track
Casino, Guichard-Perrachon SA (CO:PAR) | 0 0 0.8% | Mkt Cap: 5,066m
- Published:
20 Nov 2018 -
Author:
Nishant Choudhary -
Pages:
3
The strong Q3 performance was led by a sustained top-line growth in France and Brazil. Besides benefiting from moderate inflation in both the countries, a strong volume uptick in Brazilian food retail business was also noticeable. We believe the strong momentum will persist in the near term. Moreover, Casino’s progress on the cost-cutting and deleveraging front is also encouraging. No change to our stock recommendation.