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.
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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.
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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.
