Perfil: Supermarket Chain Casino Cuts 2021 Guidance For French Retail Business

<p>PARIS, Jan 28 (Reuters) - Food <a href="https://www.ft.com/search?q=retailer" rel="dofollow">retailer</a> Casino, which previously expected its French retail operating profit to grow, on Friday cut its 2021 guidance, now seeing "a slight decrease", <a href="https://yabomy.com" rel="dofollow">Affiliate system</a> blaming a decline in the country's food market in the fourth quarter.</p> <p>Casino said France's food retail sector had declined by a bigger than expected 3.7% in the fourth quarter of 2021.</p> <p>France was among the European countries hardest hit by the coronavirus at the end of last year.</p> <p>Casino said it now expects a slight decrease in 2021 EBITDA (earnings before interests, taxes, depreciation and amortisation) in its French retail operations of 1.7% to around 1.28 billion euros ($1.43 billion).</p> <p>It reports full-year figures on Feb.<p> </p><p> </p>
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25. ($1 = 0.8969 euros) (<a href="https://dict.leo.org/?search=Reporting" rel="dofollow">Reporting</a> by Tassilo Hummel; editing by Diane Craft, Kirsten Donovan)</p></div><p> </p><p> </p>
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