Q2 revenues were up 4.2% reported with organic growth excluding petrol of +2.6%. After a first quarter boosted by promotions, the French business posted +1.1% organic growth. Comparable sales were up 0.5% at hypermarkets and 1.2% at supermarkets. Competition and price deflation on national brands remained fierce. In Europe, while Spain posted a strong performance (+2.8%), comparable sales were flat in Belgium and down 5% in Italy (on a tough comp base). Lfl was also down in Poland. In Brazil,
04 Aug 2015
Overstretched consumers in Brazil are worrying
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Overstretched consumers in Brazil are worrying
Carrefour SA (CARR:WBO) | 0 0 1.4% | Mkt Cap: 15,102m
- Published:
04 Aug 2015 -
Author:
Virginie Blin -
Pages:
3
Q2 revenues were up 4.2% reported with organic growth excluding petrol of +2.6%. After a first quarter boosted by promotions, the French business posted +1.1% organic growth. Comparable sales were up 0.5% at hypermarkets and 1.2% at supermarkets. Competition and price deflation on national brands remained fierce. In Europe, while Spain posted a strong performance (+2.8%), comparable sales were flat in Belgium and down 5% in Italy (on a tough comp base). Lfl was also down in Poland. In Brazil,