Casino, which suspended its financial forecast for 2020 last month due to uncertainties related to the coronavirus pandemic, said the foreclosure in place in France since March 17 had resulted in “unprecedented” food demand especially in its stores proximity and in e-commerce.
Casino, which sells assets to reduce debt and also controls the Brazilian group Grupo Pao de Acucar, had revenues of € 8.294 billion in the first quarter ($ 8.97 billion).
On a like-for-like basis and excluding acquisitions, currency effects and fuel revenues, sales increased 6.4% against growth of 1.6% in the fourth quarter of 2019.
$ 1 = 0.9247 euros) (Report by Dominique Vidalon; Editing by Elaine Hardcastle)
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