Carrefour Cites ‘Difficult’ Retail Environment as Sales Rise
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Carrefour SA, the world’s second-largest retailer, reported a 1.5 percent increase in first-quarter sales as Latin American demand and new stores in Asia more than made up for declines in southern Europe.
Revenue rose to 22.5 billion euros ($29.6 billion), the Boulogne-Billancourt, France-based company said today in a statement. The median of 15 analysts’ estimates compiled by Bloomberg was 22.6 billion euros. Sales at stores open a year or more fell 0.1 percent, excluding currency moves and gasoline.