French grocery retailer Casino has recorded an increase in first-quarter sales, which it attributed to the consolidation of acquired assets in Brazil and Thailand.

The retailer said yesterday (12 April) that sales were up 18.8% for the quarter ended 31 March to EUR67.8bn (US$110.2bn).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Casino attributed 10.6 points of the gain to the consolidation of Casas Bahia by Grupo Pao de Acucar – in which the French retailer holds a majority stake – and the consolidation of Carrefour Thailand’s operations by Big C, the Thai retailer in which Casino also holds a majority stake.

Casino’s total international sales were up 44.1% to EUR3.4bn. Its French operations saw sales rise by 4.5% to EUR4.4bn.

On an organic basis, sales were up 5.7% for the quarter, with its French operations delivering 3.1% growth, while international sales rose 10.5%.

The retailer said its French operations increased its market share by 0.2 percentage points over the period. Same-store sales at its Leader Price chain were up 3.8% over the quarter.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Casino’s South American operations recorded an 11.1% rise in organic sales, despite what the retailer described as “unfavourable technical factors”, including a later Easter and the postponement of a major promotional campaign in Colombia.

Meanwhile, sales “continued to gain momentum in Asia”, climbing 11.7% on an organic basis.

In 2011, the retailer said it plans to strengthen its market share in France through expanding its convenience and discount segments. Casino is also targeting an increase in margins at its French business Franprix-Leader Price.

The retailer is also aiming to continue to deliver “profitable organic growth in international markets” and continue its “asset rotation strategy”, targeting some EUR700m in asset disposals.