Casino Guichard-Perrachon Shares Fall on Lowered Guidance

By David Sachs

Shares in Casino Guichard-Perrachon fell Thursday after the French grocer lowered its guidance for sales and earnings in France over the next four years.
At 0925 GMT, shares Casino shares were down 7.2% at EUR1.53.

Casino said late Wednesday that it now expects 2028 sales of 17.30 billion euros ($18.44 billion) for its French operations compared with a forecast of EUR18.805 billion in June. Next year’s sales are now expected at EUR14.80 billion and 2025 sales at EUR15.68 billion. Both forecasts are lower than previously stated.
Casino also now expects lower earnings before interest, taxes, depreciation and amortization and after lease payments. Ebitda in 2028 is now forecast at EUR830 million, growing from EUR401 million in 2024 and EUR582 million in 2025, Casino said. That forecast differs from previous Ebitda expectations of EUR656 million in 2024, EUR803 million in 2025 and EUR1.03 billion in 2028.
Write to David Sachs at [email protected]