April 12, 2018 2 minutes

Carrefour (ENXTPA: CA) 1Q18 Trading Update: Very Weak Quarter as Growth Slows in All Regions and French Comps Turn Negative

Primary Analyst: Coresight Research

Company Earnings Update

Executive Summary

Carrefour grew first-quarter sales by just 0.4% on a comparable basis. Total sales fell by 2.4% at current exchange rates.
French comp growth slumped from 1.5% in the prior quarter to a decline of 0.1% in 1Q18.
Analysts have penciled in total group sales growth of just 0.3% for FY18.

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