Casino group stores saw their sales decline in the first quarter in France, but those of online food e-commerce remained "
very dynamic
", according to a press release published on Friday.
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From January to March, sales in stores in France, all brands combined, reached 3.35 billion euros, down 1.1% compared to the same period last year.
In detail, the Casino brands (Géant, Vival, Casino, etc.) - excluding Monoprix and Franprix - saw their turnover increase by 1.7% to 1.83 billion euros.
But the performance of hypermarkets, whose activity fell by 1.7% to 799 million euros, contrasts with that of supermarkets, which rose by 3.8% to 700 million euros.
For their part, the Monoprix and Franprix brands are struggling, with respectively a decline of 5% in turnover to 1.06 billion euros, and 2.1% to 358 million euros, in the first quarter. , compared to the same period last year.
“
However, after several quarters affected by a declining Parisian market, the Parisian brands Franprix and Monoprix recorded a very clear recovery
” in April, thanks to the “
return of tourists
” to the capital and the decline in teleworking, reported financial director David Lubek during a telephone press briefing.
And "
food e-commerce remained very dynamic, with sales growth of 21% over the quarter
", driven in particular for Monoprix, "
by partnerships with Ocado, Amazon, Uber Eats, Deliveroo and the rise of the partnership with Gorillas
“, puts forward the group.
As for the e-commerce specialist CDiscount, its sales fell by 13.3% over one year to 449 million euros, due to a comparison base linked to the curfew in the first quarter of 2021, in the midst of the Covid-19 pandemic. 19, which had boosted activity.
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In Latin America, sales amounted to 3.7 billion euros, still in the first quarter, up 13.2% year on year, thanks to the "
excellent performance of Grupo Éxito and Assaí
", indicated David Lubek, also emphasizing “
the strong improvement in the market value of our holdings, which rose from 1.5 billion euros to 2.4 billion on April 20, i.e. in two months
”.
Thus, for all of the Casino group's activities in France and abroad, turnover increased by 4.7% over one year, to reach 7.5 billion euros.
The group still has 1.2 billion euros in sales to be made by the end of 2023 to finalize its disposal plan of 4.5 billion euros.
