Casino's Fourth-Quarter 2016 Sales Boosted by E-Commerce; Latin America In Line and France Weaker
No-moat Casino reported stronger-than-expected fourth-quarter sales, leading to full-year organic sales growth of 5.7%, some 2% ahead of our expectations. The gap was due to continuing growth in e-commerce (5% of group sales), which we expected to come under severe pressure because of economic weakness in Brazil, where around half of this business is situated. While the profit implications of this should be marginal, with e-commerce expected to turn in another huge trading loss in 2016, Casino d...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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
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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