Casino Looks for French Revival After Profit Beats Estimates
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Casino Guichard-Perrachon SA, the owner of France’s Monoprix and Geant supermarket chains, said it aims to revive sales in its home market after 2012 earnings beat analysts’ estimates, driven by the international business.
Trading profit from continuing operations increased 29 percent to 2 billion euros ($2.7 billion), the Saint-Etienne, France-based company said today in a statement. Earnings exceeded the 1.94 billion-euro average of 11 estimates compiled by Bloomberg. Casino said on Jan. 15 that sales rose 22 percent to 42 billion euros.