Groupe Casino Posts Marginal Increase In Sales In French Market
Groupe Casino has posted a 0.2% increase in same-store sales under banner for the first quarter of the year, in its home market of France, with same-store total group sales rising by 2.5% for the period.
Casino said that traffic was up 1.1% at all its French banners in the quarter, with a ‘good performance’ reported at Monoprix, Supermarchés Casino and Franprix.
However, it posted a 0.5% organic sales decline in France overall for the period, due to ‘transfers to franchises in 2016 and store renovation work’, the company said.
Monoprix posted a 2.1% increase in same-store sales, while Franprix’s same-store sales were up 1.4%. Its Casino supermarkets division saw a 1.9% increase in same store sales.
Its Géant hypemarket operation, however, continues to lag behind the rest of the group, with a same-store sales decrease of 1.9%.
Internationally, Casino saw organic sales up 7.7%, with its Exito and GPA Food banners both seeing increases. Its Latam Retail division saw a 4.6% increase in same store growth.
Commenting on its performance, Barclays European Food Retail Equity Research said, ‘LFL sales were better than expected at Monoprix (LFL +2.1% vs Barclays +1.1%) and at Franprix (+1.4% vs Barclays +0.3%), but they were bang in line with our expectations at the supermarkets (+1.9% vs Barclays +1.9%) and at Leader Price (+0.2% vs Barclays +0.1%)’.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: The European Supermarket Magazine.