Q3 2022 Casino Guichard Perrachon SA Corporate Sales Call Transcript

Feb 13, 2024

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Oct 27, 2022 / NTS GMT
Operator

Welcome to Casino Group's Third Quarter Revenue 2022 Conference Call. I now hand over to Mr. David Lubek, Chief Financial Officer of Casino Group. Sir, please go ahead.

David Julien Emeric Lubek - Casino, Guichard-Perrachon S.A. - CFO

Thank you. Good morning, everyone. Thank you for attending our quarterly sales conference call. Before going into the details of our release, there's a few words of introduction regarding our Q3 performance in France and Latin America.

In France, the return to growth outlined in our Q2 release is confirmed. Our food retail sales are up 3.9% in like-for-like in Q3 with a clear recovery in our Parisian banners, Monoprix and Franprix. Our expansion plan in franchise stores has continued to deliver, reaching a total of 527 new stores added since the beginning of the year.

And Food E-commerce is up 22% during the quarter outperforming the market. The overall improvement in commercial dynamic in our food retail operations, combined with strict management of OpEx and CapEx has translated into additional EBITDA and cash

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