Casino: targets missed in France - stock battered
(CercleFinance.com) - Casino had a tough session yesterday, with its share ending trading down over 5%.
At first glance however, the retail giant's trading update seemed impeccable. Indeed, it generated revenues of 37.8 billion euros over 2017, up 5% and up 3.2% in organic terms compared to 2016.
However, revenues declined slightly y-o-y in Q4 (-0.3% at 10 billion euros; +3.2% in organic terms) and Casino fell short of estimates on its domestic market.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
At first glance however, the retail giant's trading update seemed impeccable. Indeed, it generated revenues of 37.8 billion euros over 2017, up 5% and up 3.2% in organic terms compared to 2016.
However, revenues declined slightly y-o-y in Q4 (-0.3% at 10 billion euros; +3.2% in organic terms) and Casino fell short of estimates on its domestic market.
Copyright (c) 2018 CercleFinance.com. All rights reserved.