From January to March, sales in stores in France, all brands combined, reached 3.35 billion euros, down 1.1% compared to the same period last year.
Casino group stores saw their sales decline in the first quarter in France, but those of online food e-commerce remainedvery dynamic“, according to a statement released Friday.
Read alsoCasino sanctioned on the stock market for its broken promises
From January to March, sales in stores in France, all brands combined, reached 3.35 billion euros, down 1.1% compared to the same period last year. In detail, the Casino brands (Géant, Vival, Casino, etc.) – excluding Monoprix and Franprix – saw their turnover increase by 1.7% to 1.83 billion euros. But the performance of hypermarkets, whose activity fell by 1.7% to 799 million euros, contrasts with that of supermarkets, which rose by 3.8% to 700 million euros. For their part, the Monoprix and Franprix brands are struggling, with respectively a decline of 5% in turnover to 1.06 billion euros, and 2.1% to 358 million euros, in the first quarter. , compared to the same period last year.
«However, after several quarters affected by a declining Parisian market, the Parisian brands Franprix and Monoprix recorded a very clear recoveryin April, thanks to thereturn of touristsin the capital and the decline in teleworking, reported financial director David Lubek during a telephone press briefing. And “food e-commerce remained very dynamic, with sales growth of 21% over the quarter“, worn in particular for Monoprix, “through partnerships with Ocado, Amazon, Uber Eats, Deliveroo and the ramping up of the partnership with Gorillas“, puts forward the group. As for the e-commerce specialist CDiscount, its sales fell by 13.3% over one year to 449 million euros, due to a comparison base linked to the curfew in the first quarter of 2021, in the midst of the Covid-19 pandemic. 19, which had boosted activity.
Read alsoCasino Group and Amazon strengthen their ties
In Latin America, sales amounted to 3.7 billion euros, still in the first quarter, up 13.2% year-on-year, thanks to “excellent performances by Grupo Éxito et d’Assaí“, indicated David Lubek, also underlining “the strong improvement in the market value of our holdings, which rose from 1.5 billion euros to 2.4 billion on April 20, i.e. in two months“. Thus, for all of the Casino group’s activities in France and abroad, turnover increased by 4.7% over one year, to reach 7.5 billion euros. The group still has 1.2 billion euros in sales to be made by the end of 2023 to finalize its disposal plan of 4.5 billion euros.