Casino announced negative growth for this Q2 16, although this was an improvement compared to the beginning of the year. Q2 revenue growth was up by 3.8% on an organic basis vs. 1.5% in Q1 16. All divisions experienced organic and same stores growth except for e-commerce. On same stores growth, all banners helped to sustain the positive trend in its domestic market, while Monoprix took a wrong step. LatAm food experienced a strong improvement, driven by double-digit growth in the Assai banner
13 Jul 2016
Electronic business returns to positive territory
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Electronic business returns to positive territory
Casino, Guichard-Perrachon SA (CO:PAR) | 0 0 0.8% | Mkt Cap: 5,066m
- Published:
13 Jul 2016 -
Author:
Ranya GNABA -
Pages:
2
Casino announced negative growth for this Q2 16, although this was an improvement compared to the beginning of the year. Q2 revenue growth was up by 3.8% on an organic basis vs. 1.5% in Q1 16. All divisions experienced organic and same stores growth except for e-commerce. On same stores growth, all banners helped to sustain the positive trend in its domestic market, while Monoprix took a wrong step. LatAm food experienced a strong improvement, driven by double-digit growth in the Assai banner