Casino Group's Transformative Steps Towards 2028 Success

Author: Ryan Hughes Updated: 02-28-2025 02:46 AM

Casino Group's 2024 Full-Year Financial Overview

2024 FULL-YEAR RESULTS

After undergoing significant transformation, the New Casino is concentrated on all-new convenience retail strategies.

Financial Restructuring Highlights

The Casino Group has made important strides in refocusing on convenience retail, particularly in France. A notable part of this effort includes:

Sale of Retail Outlets: To optimize operations, 366 hypermarkets and supermarkets were sold in 2024.
Safety Measures for Employees: Employment Protection Plans were introduced to support affected staff.

Governance Changes and Strategic Initiatives

Notably, governance changes at Monoprix have been initiated, alongside the unveiling of the Renouveau 2028 strategic plan aimed at rejuvenating the Group’s operations. Key actions included:

Store Optimizations: The streamlining of the store network led to the closure of 768 unprofitable outlets.
Expansion of Retail Concepts: Introduction of innovative store concepts like Franprix’s new 'Oxygène' stores.
Digital Presence Enhancement: Enhanced online platforms for Monoprix's Fashion & Home sector.

Key Financial Metrics for 2024

In 2024, consolidated net sales reached €8.5 billion, reflecting a decline of -2.6% on a same-store basis. Several financial metrics from 2024 include:

Net Sales: €8,474 million, down from €8,957 million in 2023.
Adjusted EBITDA: €576 million, a significant decrease from €765 million the previous year.
Net Loss: The Group reported a net loss of €295 million compared to a loss of €5,661 million in 2023.

Operating Strategies and Innovations

Casino has launched several innovative projects to improve its retail strategy:

Franprix: Distribution methods optimized under a new branding initiative.
Naturalia: Benefited from market traffic growth, with sales increasing by +4.5% in Q4 2024.
Cdiscount: Focused on Marketplace growth, with an increasing share of gross merchandise volume.

Looking Forward: The Renouveau 2028 Plan

The recent strategic plan aims for Casino to become the leading convenience retailer in France. Financial targets have been set, including:

Gross Merchandise Volume: Projected to reach €15 billion by 2028.
Net Sales Growth: Expected CAGR of 0.8% from 2024 to 2028.

Frequently Asked Questions

1. What strategic changes is Casino Group implementing?

Casino is focusing on enhancing its convenience retail operations and introducing innovative store concepts.

2. What were the financial results for 2024?

Consolidated net sales were €8.5 billion, with a reported net loss of €295 million.

3. How many stores did Casino sell in 2024?

In 2024, Casino sold 366 hypermarkets and supermarkets as part of its restructuring.

4. What is included in the Renouveau 2028 strategic plan?

The plan includes initiatives to enhance supply chain efficiency, innovate retail concepts, and meet growing consumer demands.

5. How is Casino Group handling employee transitions?

Employment Protection Plans have been established to support employees affected by the group's restructuring.

About The Author

Hello, my name is Ryan Hughes. I am a financial, economics, and stock market specialist committed to assisting people in negotiating the intricacies of the financial system. Having a great deal of experience and a thorough grasp of market dynamics and economic trends, my area of expertise is converting complex financial ideas into understandable, practical knowledge. By use of my articles and blog entries, I hope to give you the information and assurance you need to make wise financial choices.

I've had the honor of interacting with a wide range of readers as a writer for several financial blogs, from new investors to seasoned market participants. To enable you to reach your financial goals, I want to make finance, economics, and stock market trends understandable and approachable. I appreciate you traveling with me toward success and financial literacy.

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