Carrefour Sales Grow Despite Weaker Performance in France
October 18 2017 - 1:33PM
Dow Jones News
By Alberto Delclaux
Carrefour SA (CA.FR) said Wednesday that its sales increased in
the third quarter, pushed by its international business.
Sales for the period rose by 0.4% to 21.86 billion euros (25.72$
billion), compared with analyst expectations of EUR21.8 billion
provided by the company.
Sales in France fell by 1.3% to EUR10.04 billion, due to
heightened competitive pressure, deflation in fruit and vegetable
prices and a later starting date of the Carrefour Anniversary
promotional campaign this year, the company said.
Supermarkets in France were the worst performers, with a 3% fall
in sales.
Internationally, group sales increased by 1.8%, a result
negatively affected by currency effects in Latin America. At
constant exchange rates, international third-quarter sales growth
hit 4.6%.
Carrefour confirmed sales growth guidance of between 2% and 4%
for 2017.
Write to alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
October 18, 2017 13:18 ET (17:18 GMT)
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