Casino: Q3 sales up 1.8%
(CercleFinance.com) - Announced on Thursday evening, Casino Group's Q3 2019 revenues came in at 9.
05 billion euros, up 1.8% y-o-y.
Sales growth was 2.4% in organic terms and 1.5% on a comparable basis. In France, revenues increased by 0.2%. The group also reported strong growth in Brazil, up 10.3% in organic terms.
In Q3 2019, FX factors had a positive impact of +0.8%, while the petrol effect was +0.1%. However, changes in the group's consolidation scope had a negative impact, mainly due to sales of loss-making stores in France (Plan Rocade), reaching -1.2%. The calendar effect was -0.2%, Casino said, while confirming its targets in France.
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