French Casino Guichard Perrachon Posted A 3.3 Percent Fall In Quarterly Sales
French Casino Guichard Perrachon posted a 3.3 percent fall in quarterly sales, hit by calendar effects.
The group, which operates of more than 10,000 stores in 10 countries, said on that it made first-quarter sales of $8.6 billion, with a 5.6 percent fall in France cushioned by a 1 percent rise in international markets.
Casino said that in France, strong growth at its discount stores and a satisfactory performance in supermarkets was offset by weak trading at its Geant hypermarkets.
Casino shares closed up 1.5 percent at 45.56 euros, valuing the business at about 4.4 billion euros.
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Tags: Casino, casino games, France, online gambling
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