Casino Guichard-Perrachon SA (OTCPK:CGUIF)
$ 3.25 0 (0%) Market Cap: 460.52 Mil Enterprise Value: 3.50 Bil PE Ratio: 0 PB Ratio: 0.28 GF Score: 50/100
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Q1 2022 Casino Guichard Perrachon SA Trading Statement Call Transcript

Apr 22, 2022 / 06:00AM GMT
Release Date Price: $2483
Operator

Welcome to the first quarter 2022 of Casino Group Conference Call. I now hand over to Mr. David Lubek, Chief Financial Officer of Casino Group. Sir, please go ahead.

David Julien Emeric Lubek
Casino, Guichard-Perrachon S.A. - CFO

Good morning, everyone. Thank you for attending our quarterly sales conference call. Over the last 2 years, we have clearly been heavily impacted by the COVID-19 pandemic, including most recently by the Omicron variance in Q4. It has pushed us to adapt our operations and to accelerate our growth initiatives in home delivery and proximity. We are now starting a new phase in which we aim to take advantage of this repositioning and are encouraged by our performance in the first quarter. Overall, the key takeaway from this quarter is a return to sales growth at group level, with net sales up plus 3.2% in like-for-like and plus 4.7% in total.

Compared to Q4 2021, sales trends in Q1 improved both in France, with an acceleration in the last 4 weeks, and in Latin America with Ãxito and Assaí delivering both excellent performances.

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