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Groupe Casino (EPA: CO) 3Q18 Trading Update: With Amazon Prime Now Trial Ahead of Plan, France Remains Steady, While Latin America Accelerates

Executive Summary

  • Groupe Casino reported steady growth in French comparable sales, which rose by 1.9% year over year in 3Q18.
  • General merchandise website Cdiscount saw revenues fall but gross merchandise volume increase, due to a higher proportion of third-party sales. Comp growth in Latin America accelerated.
  • In France, Monoprix recently started selling via Amazon Prime Now and management reported that the number of orders placed through Prime Now had exceeded its projections.
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