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: 0.33 GF Score: 50/100
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Half Year 2022 Casino Guichard Perrachon SA Earnings Call Transcript

Jul 28, 2022 / NTS GMT
Release Date Price: $2483
Operator

Welcome to the Casino Group 2022 Half Year Results 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

Thank you. Good morning, everyone, and welcome to Casino H1 Results Conference Call.

A few words before going through our H1 presentation. In France, as you can see on Page 2, the key highlights of this quarter's sales has been a return to growth in our food sales with all food retail banners now clearly in positive territory since Q2. This trend has accelerated since June with like-for-like at 4.7% in the last 4 weeks. This is an important inflection point, which bodes well for H2 performance in our food retail French business.

Our main subsidiaries in Latam have once again delivered excellent results in Q2. Total sales in Latam reached EUR 4.5 billion in Q2, up 32%, with Assaí up 59% and Ãxito plus 38%. Both companies are booming and taking advantage of their leadership in their respective markets.

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