French retail giant Casino recorded a drop in full-year consolidated net sales today (19 January), despite “stable sales” in its supermarket, Monoprix and Franprix stores.
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Consolidated sales for fiscal 2009 were “stable” on an organic basis, the firm said, excluding petrol, a performance reflecting “the good positioning of the business portfolio”.
Consolidated net sales for the period dropped 1.2% on a reported basis to EUR26.75bn (US$38.27bn). On an organic basis, sales dropped 1%.
Sales in France were down 0.1% on an organic basis, excluding petrol.
The convenience formats continued to demonstrate “good resilience”, the group said.
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By GlobalDataCdiscount maintained “solid” sales growth over the period. Sales grew double-digit over the full-year, amounting to EUR1bn including VAT.
The company’s hypermarket business, Géant Casino, “tracked the trend” observed in the first nine months, Casino said, with sales continuing to decline. The banner pursued its controlled marketing strategy, which was reflected in “moderate” promotional activity and further targeted price cuts.
International sales growth increased 7.9% in South America on a reported basis and 5.7% on an organic basis. Same-store-sales growth increased 4.4%.
In Asia, international sales growth increased 6.5% on a reported basis and 5.1% on an organic basis. Same-store-sales growth dropped 0.6%.
