Carrefour Sales Fall in France Amid Tougher Grocery Environment
- Company will buy back up to 750 million euros in shares
- Carrefour posts record net free cash flow generation in 2021
Photographer: Theo Giacometti/Bloomberg
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Carrefour SA sales in France dipped less than expected as the supermarket chain faced a tougher environment for grocery demand.
Comparable sales in the country, Carrefour’s biggest market, fell 0.3% in the fourth quarter excluding gasoline and calendar effects, the company said Wednesday. Analysts had expected a drop of 1.1%. In the same period a year ago, restaurants and bars were closed, prompting more at-home eating and bolstering the retailer’s performance.