Carrefour released strong organic Q1 sales growth, mainly driven by the LatAm operations which benefited from a positive FX impact and robust lfl growth despite decreasing inflation. This has lifted the difficulties in Asia, which have been pulled down by the Chinese market. Q1 sales including VAT reached €21,295m, of which €9,406m is derived from the French market. However, hypermarkets are still struggling with a 1.6% decline on a lfl basis, more pronounced on a sequential basis,
13 Apr 2017
LatAm, the mainstay of growth
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LatAm, the mainstay of growth
Carrefour SA (CARR:WBO) | 0 0 1.4% | Mkt Cap: 15,102m
- Published:
13 Apr 2017 -
Author:
Ranya GNABA -
Pages:
2
Carrefour released strong organic Q1 sales growth, mainly driven by the LatAm operations which benefited from a positive FX impact and robust lfl growth despite decreasing inflation. This has lifted the difficulties in Asia, which have been pulled down by the Chinese market. Q1 sales including VAT reached €21,295m, of which €9,406m is derived from the French market. However, hypermarkets are still struggling with a 1.6% decline on a lfl basis, more pronounced on a sequential basis,