UPDATE 3-Retailer Casino's efforts to revive profits fall flat with investors [Reuters]
Companhia Brasileira de Distribuicao American Depsitary Shares; each representing one Common Share (CBD)
Last companhia brasileira de distribuicao american depsitary shares; each representing one common share earnings: 7/25 04:03 pm
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Source: Reuters
UPDATE 3-Retailer Casino's efforts to revive profits fall flat with investors | Reuters Reuters Staff 4 Min Read * Shares drop, analysts say 2018 guidance cautious * 2017 operating profit 1.242 bln euros, up 20.1 pct * French 2017 operating profit 556 mln euros, up 9.4 pct (Adds comments from executive, fund manager) By Dominique Vidalon PARIS, March 8 (Reuters) - Retailer Casino delivered a cautious profit outlook on Thursday that hit its share price, as the French company grapples with reviving profits in its main markets of France and Brazil. Casino, which faces tough competition in France and a recession in Brazil, said it will step up its online offerings in the face of challenges from Amazon and will cut debt after it rose sharply in 2017. The retailer said it expects to grow profits in 2018 with the help of cost savings as it posted a 20.1 percent jump in its 2017 operating profit to 1.242 billion euros, which included 198 million euros in tax credits in Brazil. Casino’s financ
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