Company Earnings Update 6 minutesRegister for Free AccessCasino Group (ENXTPA: CO) 1H19 Results: Losses Deepen Due to Seasonality of Tax Credits and Higher Operating Expenses Coresight Research July 26, 2019 Executive Summary Casino Group reported 1H19 net sales of €17.84 billion, up 3.5% year over year at constant currency (up 0.3% year over year as reported) and missing the consensus estimate of €17.93 billion by StreetAccount. The company reported a net loss from continuing operations attributable to the company’s shareholders of €226 million compared to a net loss of €68 million in the same period last year, and missing the consensus net profit estimate of $26 million. Casino Group hopes to grow trading profit by 10% for the current fiscal year and raised its cost savings target to €130 million in France for the current fiscal year from its earlier target of €100 million. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: 10 US Consumer and Retail Trends 2024: Insights Presented at Lectra’s Ideation 2023Innovator Profile: GoCharlie’s AI Assistant Provides Data Control and Drives Productivity for BrandsWeinswig’s Weekly: The Bounty of AI Is Just Around the CornerWeinswig’s Weekly: Drones Are Really Beginning To Take Off
