France: Groupe Casino Q2 sales boosted by international performance
French supermarket group Groupe Casino has released its financial results for the second quarter of 2014, with headline sales at €11.4 billion ($15.5 billion) across the group. Organic growth was reportedly up 6.5% compared to the same period of 2013.
While sales were essentially flat in Casino's domestic market, the group posted stronger growth in its international markets, with total sales of €7.01 billion ($9.51 billion) representing a year-on-year increase of 10.9%. Sales in Brazil were particularly strong, the group noted, recording a rise of 12.7%, with e-commerce activities in the country showing a particular upturn: Nova Pontocom and C Discount up 38% and 18% in local currency.
In France, total sales stood at €4.8 billion ($6.5 billion). In terms of same-store sales, the Geant hypermarket chain saw the strongest performance, up 2.1% (excluding petrol). Casino's other chains - including Casino, Monoprix , Franprix-Leader Price and Proximity - all saw sales slide in comparison to the previous year.