Casino Guichard-Perrachon SA said its normalized net income for the first half came to 4 euro cents per share, compared with the S&P Capital IQ consensus estimate of 60 cents per share.
EPS fell 93.5% year over year from 63 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €7.4 million, a decline of 89.6% from €70.9 million in the prior-year period.
Total revenue rose on an annual basis to €23.67 billion from €23.25 billion, and total operating expenses grew on an annual basis to €23.17 billion from €22.49 billion.
Reported net income grew from the prior-year period to €30.0 million, or 17 cents per share, from €9.0 million, or 8 cents per share.