October 19, 2017 2 minutes

Carrefour (ENXTPA: CA) 3Q17 Update: Very Weak French Performance and Lower Brazilian Inflation Drag Down the Top Line

Primary Analyst: Coresight Research

Company Earnings Update

Executive Summary

Carrefour reported that 3Q17 net sales were up just 0.4%. Net sales were up 1.9% at constant currency.
In France, comparable sales growth slowed to (0.9)%, from 1.3% in 1H17.
Comparable sales were down in French hypermarkets and supermarkets, in part, management said, because of the timing of a company promotion.

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