Casino’s Q4 performance is commendable considering the apprehensions about lost sales from Yellow Vest protests in France. However, non-food remains a pain-point and its revival is vital for further margin improvement. We expect the positive momentum to continue in FY19, both in France as well as in Brazil. We reiterate our confidence in the food retailer – management should be able strengthen its omni-channel proposition and also de-leverage the company in the forecast years. No
18 Jan 2019
Strong Q4 lifts investor confidence
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Strong Q4 lifts investor confidence
Casino, Guichard-Perrachon SA (CO:PAR) | 0 0 0.8% | Mkt Cap: 5,066m
- Published:
18 Jan 2019 -
Author:
Nishant Choudhary -
Pages:
3
Casino’s Q4 performance is commendable considering the apprehensions about lost sales from Yellow Vest protests in France. However, non-food remains a pain-point and its revival is vital for further margin improvement. We expect the positive momentum to continue in FY19, both in France as well as in Brazil. We reiterate our confidence in the food retailer – management should be able strengthen its omni-channel proposition and also de-leverage the company in the forecast years. No