Casino reported a 1% increase in its turnover in the first quarter on Thursday, citing a context that continued to be more difficult in its supermarkets and hypermarkets where price readjustment measures have been carried out.
The group indicates in a press release that it generated a turnover of 5.4 billion euros in the quarter, driven mainly by a 9.5% increase in sales in Latin America.
The sales of the distributeur Casino fell by 2.3% in France in the first quarter of 2023, a mauvaise performance in a context of inflation that lowered the sales of large distribution, and the group announced the jeudi avoir sensibly lowered its prices for attirer customers.
Because in France the distributor is going through a very difficult time. Revenue in France fell 2.3% (and even 4.6% like-for-like) in the first quarter compared to a year ago, despite record-breaking inflation with average price increases of more than 15 % In the supermarkets.
In financial trouble, the group has been unable, like some of its competitors, to limit price increases by squeezing its margins and has lost customers in recent months. Casino announced on Thursday that it has significantly lowered its prices to attract customers.
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Source: BFM TV
