Carrefour 1Q Sales Fell On Less Favorable Markets in Europe

   By Anthony Shevlin

Carrefour SA (CA.FR) said Wednesday that its sales decreased in the first quarter of 2018 due to less favorable markets in Europe.

The French retailer said sales in the period fell by 2.4% to 20.8 billion euros ($25.7 billion) at current exchange rates.

Like-for-like sales rose 0.4%, excluding petrol and calendar, it said. The company said sales were affected by "persistently strong competitive pressure" in its main markets.

Sales in France rose 0.9% to EUR9.5 billion, helped by the performance in supermarkets, Carrefour said.

In January the company announced a sweeping reorganization, including job reductions and potential store closures aimed at shoring up its faltering performance.

Write to Anthony Shevlin at anthony.shevlin@dowjones.com

(END) Dow Jones Newswires

April 11, 2018 12:15 ET (16:15 GMT)

Capgemini (EU:CAP)
Historical Stock Chart
From Dec 2024 to Jan 2025