Casino Confirms Objectives After Swinging to 1st Half Loss
July 25 2019 - 1:32AM
Dow Jones News
By Anthony Shevlin
Casino Guichard-Perrachon SA (CO.FR) on Thursday backed its
full-year guidance as it swung to a loss in the first half.
The French retailer said net loss for the period was 16 million
euros ($17.8 million) compared with a profit of EUR46 million last
year.
Sales for the first half rose 3.5% to EUR17.84 billion, the
company said.
Casino confirmed a new debt target in France of less than EUR1.5
billion at the end of 2020 and beyond, and said it won't pay a
dividend in 2020.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com;
@anthony_shevlin
(END) Dow Jones Newswires
July 25, 2019 01:17 ET (05:17 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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