Casino’s 1Q Sales Update Mainly In Line With Our Forecasts
No-moat Casino Guichard-Perrachon’s first-quarter sales results were in line with our expectations, and so we are maintaining our EUR 52 fair value estimate. The shares are currently trading slightly below our fair value estimate. Overall, Casino reported similar results to Carrefour: Hypermarkets in France continue to exhibit sales declines, while Latin America shows better-than-expected results amid a slowdown in inflation and improved currency tailwinds.In the quarter, 3.1% organic growth wa...
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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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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