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Carrefour sales up by 5.2% in second-quarter

RBR Staff Writer Published 18 July 2014

French grocery retailer Carrefour reported 5.2% increase in the second-quarter consolidated sales, at constant exchange rates, as against the same period last year.


According to the company, sales for the quarter were impacted by combination of a currency effect, a drop in petrol prices and Easter holidays.

For the second quarter, sales amounted to €20.52bn, an increase of 0.3% from last year, impacted by a negative currency effect of 4.9%, and 1% drop in petrol prices. Meanwhile, the later Easter holidays contributed 1.2%.

Geographically, sales in Europe grew 1.9% year-over-year while France recorded 2% increase.

In European countries' sales improved 1.8%. European sales advanced 1.9% on organic basis, with 2.4% rise in France.

In the emerging markets, sales declined 4% at actual rates, while it climbed 13.8% at constant exchange rates.

Sales at hypermarkets edged up 0.9% organically and was up 0.4% on a like-for-like basis. Food sales continued to grow, while non-food sales were nearly flat.

Sales at supermarkets rose 3% organically, and were up 3.3% on a like-for-like basis.

Image: Carrefour hypermarket within The Mall shopping centre in Sofia, Bulgaria. Photo: Courtesy o f Marcian.