Casino, the France-based retailer, has booked a 9.3% rise in fourth-quarter sales, helped by expansion in the Netherlands and growth in Asia and South America.
Go deeper with GlobalData
The company yesterday (14 January) posted consolidated net sales of EUR7.67bn (US$10.2bn), up from EUR7.02bn in the same period last year.
Casino supermarkets reported a 1.1% increase in same-store sales, excluding petrol, led by double-digit growth in private-label sales.
In South America, same-store sales rose by 7.7%, while organic growth in Asia stood at 10.8%, primarily due to Big C’s sustained expansion strategy in Thailand.
Sales in France edged up 1.2%, with sales from the group’s Geant hypermarkets dropping 8.4% to EUR1.6bn.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataQuarterly sales were up 6.3% for Franprix and Leader Price, reflecting the “revitalised marketing momentum” and the “gradual acceleration of the expansion programme”, the company said.
In the company’s international markets, revenue was up 29.4%, helped by the company’s acquisition of Dutch supermarket group Super de Boer.
Consolidated net sales for the full-year increased by 14.9%. Organic growth stood at 5.9%, outpacing the 3.8% reported in 2007, in line with the group’s objectives.
