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.


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