Flash Report 3 minutesRegister for Free AccessGroupe Casino (EPA: CO) FY15 Results: Weak Sales, FX and Brazil Drag Down Results Coresight Research March 9, 2016 Executive Summary Groupe Casino reported FY15 diluted underlying EPS of €2.80, a decline of 35.5% and below the consensus estimate of €2.81. The company reported that revenue decreased by 4.8%, to €46.1 billion, slightly above the consensus estimate. EBIT decreased by 35.2%, to €1.4 billion, below the consensus estimate of €1.5 billion, while underlying net profit declined by 25.9%, to €412.0 million, beating consensus of €314.1 million. Groupe Casino’s results were primarily affected by the economic slowdown in Brazil and the impact of foreign exchange rates. In FY16, the company plans to undertake significant deleveraging to improve its profitability in France and in the e-commerce segment, and to consolidate its position in Latin America. 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: 1Q23 US Livestreaming Tracker: Consumers Seek Real-Time Engagement in the Shopping JourneyGenerative AI Latest: GenAI Chatbots and Apps Are Ready for Prime TimeInnovator Profile: Frate Reduces the Impacts of Retail Returns on Profitability and the EnvironmentEarnings Insights 1Q23, Week 2: Colgate-Palmolive, CVS, Floor & Decor, L’Oréal and Sprouts Farmers Market Post Strong Results; Carter’s, Estée Lauder, Hanesbrands and Wayfair Sales Decline
