Carrefour SA

PARIS — Boosted by solid growth in international operations, Carrefour SA on Thursday reported a 1.3 percent rise in like-for-like sales in the first quarter, despite an unfavorable calendar effect and highly competitive environment. The retailer confirmed its full-year outlook of 3 percent to 5 percent growth at constant exchange rates.

Revenues in the three months ended March 31 totaled 21.29 billion euros, or $22.67 billion, as petrol sales and currency impacts had positive effects on overall business. Excluding petrol and calendar effects, Carrefour’s organic sales for the period gained 1.9 percent.

Dollar figures are calculated at average exchange for the period to which they refer.

Sales in international activities for the retailer, the world’s second-largest after Wal-Mart Stores Inc., spiked 10.9 percent, while total sales at hypermarkets, which represent just over half of Carrefour’s domestic sales, dipped 1.6 percent on a like-for-like basis in an environment that remained highly promotional throughout the quarter.

The retailer said its omnichannel approach continues to steadily gain momentum, with a 34 percent increase in group gross merchandise value in the quarter.

See Also:

Carrefour Upbeat for 2017 on Revamped Model >>

Carrefour Works to Boost Non-Food through Omnichannel >>

Blue Partners Exits Carrefour >>

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