France · Delayed Price · Currency is EUR Casino, Guichard-Perrachon Earnings Call Transcripts
Fiscal Year 2025
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2025 saw a return to like-for-like sales growth and a 14% rise in Adjusted EBITDA, driven by cost optimization, store rationalization, and digital initiatives. Net loss narrowed, free cash flow improved, and strategic investments continue amid ongoing debt restructuring.
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Q3 saw modest sales growth and a 13% rise in adjusted EBITDA, driven by cost savings and network streamlining. Liquidity remains strong at €1.22 billion, with the Renewal 2030 plan targeting sustainable growth and break-even cash flow by 2026.
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The meeting highlighted a major strategic shift to convenience retailing, significant financial restructuring, and the launch of the Renewal 2028 plan. All governance, financial, and compensation resolutions were approved, with strong focus on franchisee relations, cost control, and sustainability.
Fiscal Year 2024
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The group has completed major restructuring, refocused on convenience retail, and launched the Renouveau 2028 plan targeting €15 billion GMV and €500 million EBITDA by 2028. Strategic priorities include franchise expansion, cost savings, and ESG commitments, with strong liquidity and a clear refinancing roadmap.
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H1 2024 saw continued restructuring, asset sales, and a focus on proximity retail, with net sales down 3.5% and adjusted EBITDA declining. Net debt was reduced by €5.1 billion, and a new value creation plan will be unveiled after Q3.
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The meeting confirmed a major transformation plan focused on financial restructuring, divestment of hypermarkets, and a shift to convenience and franchise formats. All resolutions, including financial statements and governance changes, were approved by a strong majority.