Tag: Guichard-Perrachon
Casino Guichard-Perrachon: Gains in Brazil, Eyes France for 2014
February 20, 2014
Bloomberg – Casino Guichard-Perrachon SA (CO), the owner of Monoprix and Big C supermarkets, reported an 18 percent jump in 2013 earnings, led by gains in Brazil, and said it’s targeting a resumption of sales growth in France this year. So-called trading profit advanced to 2.36 billion euros ($3.24 billion), the Saint Etienne, France-based grocer said today in a statement. Analysts predicted 2.35 billion euros, according to the average of 12 estimates compiled by Bloomberg. Casino is cutting prices in France to revive sales, while introducing new formats such as cash and carry in Thailand and online stores in South…