Casino Group: 2025 fourth quarter and full-year net sales

Core Insights - The company reported a 0.5% increase in like-for-like (LFL) net sales for 2025, with a similar growth rate in Q4 2025, despite a total decline of 2.5% due to calendar effects and changes in the convenience brand network [2][3] Group Performance - Consolidated net sales for 2025 reached €8,260 million, with a 0.5% increase LFL and a 2.5% decrease in total sales [2] - In Q4 2025, net sales were €2,180 million, reflecting a 0.5% increase LFL and a 1.6% decrease in total sales [2] Brand Performance - Monoprix: Achieved a 0.6% increase in LFL net sales for 2025, but saw a decline of 0.5% in Q4 due to reduced festive product sales [3][7] - Franprix: Experienced a 0.4% decline in LFL net sales for 2025, with a 1.4% decrease in Q4, despite a 3.8% increase in customer traffic [7] - Casino/Spar/Vival: Reported a 0.6% increase in LFL net sales for 2025, with Q4 showing a 0.3% growth, supported by seasonal stores and improved supply chain efficiency [8] - Naturalia: Recorded an impressive 8.3% growth in LFL net sales for 2025, including 8.4% in Q4, driven by strong food sales and customer traffic [9] - Cdiscount: Returned to growth in Q4 2025 with a 3.7% increase in net sales, marking the first growth in over four years, driven by strong performance during the holiday season [10][11] Strategic Initiatives - The company is focusing on expanding its store concepts, such as "Oxygène" at Franprix and "La Ferme" at Naturalia, with multiple new store openings planned [6][9] - E-commerce growth is a key focus, with Naturalia's online sales increasing by 25% in Q4 2025 [9] - Cdiscount's marketplace GMV grew by 8.1% in Q4, contributing significantly to overall sales growth [10][11] Store Network Changes - The company has been streamlining its store network, resulting in numerous closures and transfers to franchises, with a total of 186 store exits reported in Q4 2025 [8][9]