Casino Reports Lower 3Q Sales, Backs Guidance
October 18 2018 - 12:27PM
Dow Jones News
By Anthony Shevlin
Casino Guichard-Perrachon SA (CO.FR) said Tuesday that
third-quarter sales fell slightly and confirmed its full-year
guidance.
The French retailer said sales for the period fell 2.4% to 8.92
billion euros ($10.29 billion). Organic sales grew 5.4% during the
quarter, helped by accelerated growth in France and Latin
America.
Sales in its domestic market of France were EUR5.28 billion, the
company said.
In September, Casino reaffirmed its 2018 financial targets
following a downgrade by credit rating agency S&P.
The company's shares are down over 22% since the beginning of
the year, despite recovering from a sharp fall at the end of
summer.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com;
@anthony_shevlin
(END) Dow Jones Newswires
October 18, 2018 12:12 ET (16:12 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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