Grocery retailer Casino has announced its second-quarter and half-year results for 2011. The retailer reported that consolidated net sales for the quarter rose by 18.8% to E8.3bn (£7.2bn) – a 4.7% rise achieved in the first quarter.
The growth reflected the consolidation of the Casas Bahia electronics chain in Brazil within Grupo Pão do Açúcar’s operations and Carrefour Thailand’s Big C stores. Sales in France rose 7.3% in the second quarter, with organic growth excluding petrol at 3.2% compared with 1.2% in the first quarter.
This acceleration reflected good sales performances by Monoprix and Casino Supermarkets, higher sales at Géant Casino hypermarkets and faster growth at Casino’s non-food online operation Cdiscount.