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Casino Guichard-Perrachon (CO) investor relations material
Casino Guichard-Perrachon Q3 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Comparable/like-for-like sales grew 0.5% in Q3 2025 and 0.6% over nine months, confirming the positive impact of the Renouveau plan.
Adjusted EBITDA rose 13% to €456M for nine months, with margin up 106 bps to 7.5%.
Free cash flow before financial expenses improved to -€39M at end-September 2025, a €500M year-over-year increase.
Liquidity stood at €1.22B at September 30, 2025, and the covenant leverage ratio was 7.68x, below the 8.34x threshold.
Store network optimization continued, with 958 outlets closed/exited and 143 new stores opened year-to-date.
Financial highlights
Q3 2025 revenue/net sales: €2,002M (+0.5% comparable/LFL); nine months: €6,080M (+0.6% comparable/LFL).
Adjusted EBITDA after rent/lease payments: €112M for nine months (vs €59M in 2024).
Convenience brands posted +1.1% LFL growth in Q3 and over nine months.
Cost savings and operational actions reduced the impact of disynergies and inflation.
Free cash flow before financial expenses improved by €500M year-over-year.
Outlook and guidance
Objective to return to breakeven free cash flow before financial expenses in 2026.
Financial targets from the Renouveau 2028 strategic plan are reaffirmed.
Q4 2025 EBITDA forecasts expected to ensure covenant compliance at year-end.
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