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Groupe Casino (EPA: CO) 2Q17 Update: LatAm Continues to Boost Sales, France Sees Growth

Executive Summary

  • Casino reported 2Q17 revenues up by 7.9% from the previous year, comfortably beating the consensus estimate. Comps grew by 3.0%, above the consensus estimate of 2.3%.
  • The company grew comparable sales in France by an impressive 1.8%. Comps were up 3.7% in Latin America.
  • Cdiscount comps were 6.7%.

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