Groupe Casino has seen performance at its Géant hypermarkets rise 2.0% in the second quarter of the year, driven by increased traffic (+4.0%) and volumes (+5.0%).
In its home market of France, the retailer saw growth in organic sales (+0.4%) and in same-store sales (+0.1%). Customer traffic was up +2.4% and volumes were up +1.8%.
Internationally, the group saw food sales rise +6.1% on an organic basis in Latin America, with its Brazilian GPA Food operation rising +7.3%.
In Asia, it saw increased volumes and good traffic performance in Thailand.
Commenting, Barclays European Food Retail Equity Research said, “Casino's 2Q sales performance was characterized by a sequential improvement in France, but also a further deterioration in some Emerging Markets.
“Although we remain confident that French commercial and operating performances will continue to improve in 2H, we believe that Casino will still face numerous headwinds in Brazil, while the company's action plan will likely take time to bear fruit.”
© 2015 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones.
