Casino Guichard: GPA Q3 trading statement: really encouraging in Food, unsurprisingly disastrous in Non Food

BUY, Fair Value EUR69 (+29%)
News published on October Wednesday 14, 2015
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Yesterday, GPA (Casino’s Brazilian subsidiary / EI of 32.8%) released its Q3 15 trading statement. We will retain the encouraging performance of the food business as a salient point of this publication (+3.3% LFL vs +1.8% in Q2). The non-food business remains disastrous (-24.6% LFL).

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