|Bid||86.30 x 0|
|Ask||86.06 x 0|
|Day's Range||85.34 - 88.50|
|52 Week Range||74.07 - 99.38|
|Beta (3Y Monthly)||0.59|
|PE Ratio (TTM)||19.32|
|Earnings Date||Feb 21, 2018 - Feb 26, 2018|
|Forward Dividend & Yield||1.76 (1.83%)|
|1y Target Est||99.37|
Brazilian retail veteran Michael Klein and his family on Friday gained control of appliance retailer Via Varejo SA from retailer GPA SA in an auction. Klein bought a smaller than anticipated additional stake in the company, but other investors pitched in and GPA ended by selling its entire stake at a higher than expected price. Combined with its previous stake of 25.4%, the Klein family will own 27%, making it the retailer's largest shareholder.
Shares in French retailer Casino surged more than 10% on Friday after controlling shareholder Jean-Charles Naouri won some respite as his debt-laden Rallye investment vehicle was placed under protection from creditors. Investors and analysts, however, said the move did not solve all of Rallye or Casino's problems and that the impact on the complex ownership structure remained uncertain. A Paris commercial court on Thursday placed Rallye, the parent company of Casino, under protection from its creditors for at least six months.
Brazilian supermarket chain Carrefour Brasil on Thursday reported quarterly net income of 441 million reais , slightly above market expectations. Analysts on average expected net income of 395.3 million ...
French supermarket chain Casino Guichard Perrachon SA, which has been selling assets to cut debt and reassure investors, said on Thursday it was reviewing strategic options in Latin America. Casino, which controls Brazilian retailer Grupo Pao de Acucar (GPA), issued a statement after Brazilian paper 0 Globo said the French firm could announce "in the next few days" a plan to combine its assets in Latin America. Casino also owns wholesale chain Assai and electronics and appliance retailer Via Varejo in Brazil, and supermarket chain Grupo Exito in Colombia, Argentina, Uruguay and Chile.
The Sao Paulo-based company said it had profit of 15 cents per share. Earnings, adjusted to account for discontinued operations, came to 14 cents per share. The retailer posted revenue of $3.37 billion ...
The board of Brazilian retailer Via Varejo is proposing to its shareholders the removal of a clause in its bylaws demanding a tender offer to all shareholders if an investor buys a stake larger than 20 percent. Via Varejo, a subsidiary of Brazil's Grupo Pão de Açúcar (GPA) controlled by France's Casino Guichard Perrachon SA, has been on the block since November 2016. GPA currently holds a 36.27 percent stake in Via Varejo and expects to find an strategic buyer for the retailer by year end.
Retailer Casino, battling investor concerns over its high debt and ability to generate cash, said revenue growth slowed in the first-quarter, as weaker sales in its core French market overshadowed a more dynamic performance in Brazil. Casino, which this week strengthened its ties with E-commerce giant Amazon, reiterated on Thursday its goals to deliver 10 percent growth per year in trading profit for its French retail business between 2019 and 2021, and the generation of 500 million euros ($557 million) in free cash flow per year. Casino, which has been selling assets to reduce its debt and which also controls Brazil's Grupo Pao de Acucar, posted first-quarter sales of 8.853 billion euros.
Retailer Casino, battling investor concerns over its high debt and ability to generate cash, said revenue growth slowed in the first-quarter, as weaker sales in its core French market overshadowed a more ...
Brazilian supermarket chain Grupo Pão de Açúcar SA on Wednesday posted first-quarter sales up 12 percent from a year ago, closing the gap on Carrefour Brasil, the market leader in Latin America's largest economy. GPA, which is owned by France's Casino Guichard Perrachon SA , reported gross revenues of 13.8 billion reais ($3.46 billion), driven by gains in its wholesale division, Assaí. On Tuesday, Carrefour Brasil posted a 10 percent increase in gross sales to 14.2 billion reais, as growth in its wholesale unit Atacadão more than compensated for a flat performance in the retail division.
Grupo Pão de Açúcar SA , one of Brazil's largest food retailers, owned by France's Casino Guichard Perrachon SA, on Wednesday posted first-quarter gross revenue of 13.8 billion reais , up 12.4% from the ...
The government requires hedge funds and wealthy investors that crossed the $100 million equity holdings threshold are required to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings level the playing field for ordinary investors. The latest round of 13F filings disclosed the […]
French retailer Casino, battling investor concerns over its high debt, vowed to boost profits and cash flow in its core French market and sell off more assets under a three-year strategy plan. Investors initially welcomed the plan before some concerns over Casino's cash flow weighed on Casino's shares. The company, which had its credit rating cut to junk by Standard & Poor's in March 2016, has embarked upon asset sales to reduce its debt and ease concerns over the financial position of both Casino and its parent holding company Rallye.
French retailer Casino , which is battling investor concerns over its high debts, raised its targets regarding asset disposals and vowed to boost profits in its core French market under a three-year strategy plan. The plan puts the spotlight on levers for profit growth ranging from energy services, the monetisation of client data, savings from purchasing deals, a greater focus on E-commerce and organic food, and convenience stores. Casino, which controls Brazil's top retailer Grupo Pao de Acucar, set out those targets after it reported 2018 group operating profit of 1.209 billion euros, a rise of 18 percent on an organic basis, excluding tax credits, which beat the company's own guidance for 10 percent growth.
Brazilian food retailer GPA SA prefers a strategic buyer for electronics subsidiary Via Varejo SA, the firm's chief financial officer said on Thursday. GPA, itself a subsidiary of France's Casino Guichard ...
NEW YORK, NY / ACCESSWIRE / February 21, 2019 / Companhia Brasileira de Distribuicao Sponsored ADR Pfd Class A (NYSE: CBD ) will be discussing their earnings results in their 2018 Fourth Quarter Earnings ...
Casino (CASP.PA) has agreed to sell 26 stores worth 501 million euros ($567 million) to Fortress Investment Group, the French supermarket retailer said on Monday, fulfilling an assets sale target set out last year as part of plans to reduce its debt. Casino said it would sell a portfolio comprising hypermarkets and traditional supermarkets to Fortress which will set up a vehicle to acquire and manage the assets. The deal will allow Casino to achieve a target set out last year of 1.5 billion euros in asset sales and Casino said it would examine further steps to cut its debt.
Net sales revenue at Brazilian retailer GPA SA's food division rose 12 percent year-on-year in the fourth quarter to 14 billion reais , according to a securities filing on Friday. Same-store net sales, ...
Spanish delivery startup Glovo is planning a new fundraising round in the first quarter to fuel a Latin American expansion that will include a second technological center in the region, its Brazilian country manager said on Wednesday. Bruno Raposo said Brazil is likely to overtake Spain in terms of Glovo's deliveries this year, as the startup spreads to some 50 cities across Latin America's largest economy from 21 urban centers there. "The use of grocery deliveries in Latin American is broad compared to European countries where Glovo operates," Raposo told Reuters in an interview.
Food retailer GPA SA sold 217 million reais in Via Varejo shares on Thursday, equivalent to 3.86 percent of the electronics retailer's capital. According to traders, the price of Via Varejo shares in the ...
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