PARIS — Carrefour, the world’s second-largest retailer after Wal-Mart, on Tuesday reported weaker-than-expected second-quarter sales, hamstrung by lackluster growth in its home market of France.
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The hypermarket operator said sales in the three months ended June 30 improved 5.9 percent to 22.64 billion euros, or $31.04 billion at current exchange, missing analysts’ consensus expectations.
On a like-for-like basis, overall sales edged ahead 1.1 percent.
Carrefour said it continued to struggle in France due to tepid consumer spending and cost-cutting, which has marred Carrefour’s performance in recent quarters.
Sales in France inched forward 0.3 percent to 10.4 billion euros, or $13.76 billion, Carrefour said. But on a like-for-like basis, sales in the quarter were flat.
Elsewhere business was more robust. In the rest of Europe, sales improved 5.8 percent to 8.54 billion euros, or $11.71 billion, thanks to high-growth countries such as Poland and Romania, where sales grew 23.7 percent and 27 percent, respectively.
Sales in Latin America gained 34.9 percent to 2.32 billion euros, or $3.18 billion, led by new stores in Brazil and Colombia, as well as a 26 percent like-for-like sales improvement in Argentina.
In Asia, sales jumped 13.6 percent to 1.38 billion euros, or $1.89 billion, with high double-digit growth produced in both China and Indonesia, Carrefour said.