Casino has announced a new profit warning on the back of the French performance and a downwards revision in its 2024-28 business plan. For FY23, French EBITDA (after lease payments) is projected to be between -€126m and -€78m (vs the previous guidance of +€214m), attributable to continued weakness during the H2, especially in the hypermarket format. While the management does not anticipate a liquidity crunch until the ongoing transition is complete, it has announced new steps to improve performa ....
