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Carrefour Q2 sales growth accelerates as France improves
July 6, 2017 / 3:57 PM / in 3 months

Carrefour Q2 sales growth accelerates as France improves

PARIS, July 6 (Reuters) - Carrefour, the world’s second-largest retailer, said sales growth accelerated in the second-quarter, reflecting an improving performance in its core French market and robust sales in the rest of Europe.

The last quarterly publication under the tenure of outgoing boss Georges Plassat showed that French hypermarket stores were back into positive territory on a like-for-like basis for the first time since the third quarter of 2015.

Second-quarter group sales reached 21.759 billion euros ($24.82 billion), above the average of analysts estimates of 21.5 billion euros.

Stripping out fuel, currency and calendar effects, revenue grew 2.8 percent year-on-year, an acceleration from 1.4 percent growth in the first quarter.

Because Carrefour plans to list its Brazil business on July 20, it is not allowed to disclose figures for Brazil, its second-largest market after France. The group is reporting all emerging markets together with no details given by country. ($1 = 0.8768 euros) (Reporting by Dominique Vidalon; Editing by Ingrid Melander)

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