French supermarket group Casino has posted a 10% increase in sales for the second quarter to EUR$6.1bn (US$8.3bn).
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The jump in sales came on the back of organic growth of 2.8% and the full consolidation of its Colombian operation Exito from May.
Changes in the scope of consolidation at the company accounted for 6.8% of the growth, the company stated. Currency effects were marginal at 0.4%.
Casino said organic sales growth was boosted by “sustained strong growth” in international markets, where sales rose 10.3% during the quarter, on the back of strong gains in the group’s two priority regions, Latin America and Asia.
Sales in France rose by 0.9% for the quarter to EUR4.4bn. Excluding Franprix-Leader Price, which saw sales fall by 4.6%, growth amounted to 2.6%.
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By GlobalDataCasino described the growth as “satisfactory” in the light of the decline in business in coastal and resort regions, primarily due to the weekend rounds of elections, and unfavourable weather conditions, which hit sales of fruits and vegetables, beverages and seasonal products.
Casino’s full first-half results will be published at the end of August.
