Groupe Casino has said that its full-year 2017 sales went up by 2.4% on a same-store basis, to €37.8 billion.
Total sales growth for the year went up by 5.0%, and by 3.2% on an organic basis.
Group trading profit has been estimated at around €1.24 billion, of which around €550 million will be posted in France – around 10% up on last year. However, Casino noted that its profit figures are thus far unaudited.
“Real-estate contribution to trading profit is expected close to €90 million, and retail trading profit should be higher than €460 million,” the group said.
Divisional Performance
Casino’s France Retail division posted 0.8% same-store growth for the full year (total growth went down by 0.2%), with sales of €18.9 billion.
Its CDiscount online division posted a 9.5% increase in same-store sales (total growth of 8.3%), to €1.99 billion, meaning that its combined Total France business saw sales of €20.9 billion – a 1.7% increase.
Elsewhere, the group’s Latam Retail division posted same-store growth of 3.1% (total growth of 11.0%), with sales of €16.3 billion for the full year.
Fourth-Quarter Sales
In terms of the group’s fourth-quarter sales, same-store sales in its France Retail division showed a slight increase (0.3%), however, food sales went up by 1.3%.
The group’s Géant hypermarket division saw same-store sales go up by 2.8% for the quarter – up from the 2.6% increase that it posted in the same quarter last year.
Commenting on the performance of its hypermarket division, Casino said, “[Géant’s food sales went up by 2.8%] on a same-store basis, led by groceries, fresh produce and service counters. Organic (‘bio’) items posted double-digit growth in 2017, accelerating towards the end of the year. Food-retail areas delivered higher sales per square metre in Q4. Adjacent drive sales were up 10% over the full year.”
Monoprix Up
Monoprix delivered organic growth of 1.2% in Q4, with ‘stable customer traffic’ reported, while Casino Supermarkets grew by 0.6% on a same-store sales basis.
Its Franprix division, which recently saw the roll-out of a new concept, Franprix Noé, posted a 0.5% increase in same-store sales and a 2.7% increase in organic sales.
In Latin America, fourth-quarter sales went up by 5.5% on an organic basis, in a context marked by decelerating food inflation, the group said.
© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: The European Supermarket Magazine.
