CGUSY Casino Guichard Perrachon SA (CE)

   By Sarah Sloat 
 

France's Casino Guichard-Perrachon SA (CO.FR) on Thursday confirmed its 2019 targets and said sales rose in the first quarter.

Sales in the quarter rose 4.3% on an organic basis to 8.85 billion euros ($9.90 billion). On a same-store basis they were up 3.0%, the retail group said.

In Latin America, Casino noted strong growth especially in Brazil, where sales rose 14% on an organic basis. In France, consolidated sales were stable on a same-store basis.

Casino said it is making progress on its plan for the disposal and closure of loss-making stores in France.

"In light of the good progress of its action plans, the group confirms all its annual objectives," the company said.

Write to Sarah Sloat at sarah.sloat@wsj.com

(END) Dow Jones Newswires

April 25, 2019 12:14 ET (16:14 GMT)

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