Casino Group first quarter 2023 net sales

Casino Group publishes on May 4, 2023 its net sales for the first quarter.

Consolidated net sales of €5.4bn (up +1.0% on a same-store basis).

France Retail down -0.4% on a same-store basis marked by:

– The Parisian and convenience banners reported a clear sequential acceleration

– hypermarket and supermarket net sales still down (pending the impact of price adjustment).

Continued strong growth in Latin America (+9.5% on a same-store basis)

Significant events:

The expansion strategy continues; the Group opened 198 stores in convenience formats during the quarter, mainly under franchise. 

The Group continued its disposal plan with several assets sold in France (Sudeco, stake in GreenYellow, real estate assets) bringing the total of the disposal plan carried out in France to €4.2 billion (target: €4.5 billion) + in Latin America, with the disposal of an 18.8% stake in Assaí for €723m.

The change in debt (net France) improved by €0.8 billion compared to 12 months ago.

To listen the replay of the conference call