Bryan Garnier - Casino Guichard-Perrachon SA (CO) CASINO GUICHARD: Reassuring sales trend with stronger operating leverage than anticipated | NEUTRAL | EUR37 vs. EUR36

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Bryan Garnier

Clement Genelot

CASINO GUICHARD: Reassuring sales trend with stronger operating leverage than anticipated | NEUTRAL | EUR37 vs. EUR36

CASINO GUICHARD - NEUTRAL | EUR37 vs. EUR36 (+3%)
Reassuring sales trend with stronger operating leverage than anticipated

5.8% LfL in France and 8.5% in LatAm in Q1 driven by lockdowns
A healthy trading update over April
A stronger operating leverage than anticipated
Neutral reiterated with FV EUR37

24/04/2020 3 EN

Underlying

Casino Guichard-Perrachon SA

Casino Guichard-Perrachon is a food retailer based in France. Co. operates hypermarkets, supermarkets, discount stores, convenience stores and cafeterias. Co.'s stores are discount stores selling groceries and consumer goods, and providing services like financial and insurance services, real estate, and restaurants. Co. operates hypermarkets under the brand Geant Casino; urban and rural supermarkets under the brand Casino Supermarches; city-centre supermarkets under the brand Monoprix; convenience/national superettes under the brands Petit Casino, Vival and Spar; covenience-paris area stores under the brand Marche Franprix; and discount stores under the brand Leader Price.

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FR0000125585 Euronext Paris France

Provider

Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

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Analysts

Clement Genelot

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CASINO GUICHARD: Reassuring sales trend with stronger operating leverage than anticipated | NEUTRAL | EUR37 vs. EUR36

Credit Morning 04/25/2024

Morning Crédit 25/04/2024

ODDO BHF Small & MIDCAP MORNING NEWS - 04/25/2024

Median Technologies: reports Q1 2024 results

Jeronimo Martins: Q1 topping expectations; price war ongoing in Poland

Nel: Capacity reservation agreement with Hy Stor Energy

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