For the first time since the extensive restructuring that began last year, French retailer Casino was able to present positive figures again, thanks to good results from the group’s conveniene store formats.
“Encouraging results”
Casino reported on Wednesday a comparable revenue increase of 2.4% to 2.08 billion euros in the second quarter. This growth was largely due to the proximity formats Monoprix, Franprix, Casino, and Naturalia, whose like-for-like revenue rose by 2.7%. Last year, the group parted ways with its unprofitable hypermarkets to focus on urban and convenience stores, a strategy that appears to be paying off.
The company was able to achieve revenue growth for the first time since the extensive financial restructuring initiated last year, following the acquisition by Czech billionaire Daniel Kretinsky. That plan included not only the closure of more than 700 unprofitable stores but also the elimination of 2,200 jobs.
“The operational and financial results for the second quarter of 2025 are encouraging,” said Philippe Palazzi, CEO of the group, in a press release. Casino is still burdened by heavy financial debts but aims to break even again in 2026.
