PARIS, July 25 (Reuters) - French supermarket retailer Carrefour on Thursday reported higher first-half profits and said it was on track with a strategic overhaul aimed at boosting earnings and tackling competition from the likes of Amazon.
Carrefour, which is Europe’s largest retailer, said group operating profits rose 2.6% from the same period last year to 618 million euros ($689.6 million). This compared with 598 million euros in a Reuters poll of five analysts.
Carrefour is in the middle of a plan by chief executive Alexandre Bompard to cut costs and boost e-commerce investment to increase profits and sales.
$1 = 0.8962 euros Reporting by Pascale Denis, Dominique Vidalon and Sudip Kar-Gupta; Editing by Jane Merriman