April 18, 2017 3 minutes

Carrefour (ENXTPA: CA) 1Q17 Update: In-Line Top Line but Meaningful Weakening Across Regions

Primary Analyst: Coresight Research

Company Earnings Update

Executive Summary

Carrefour reported comparable group sales rose 1.4% in 1Q17, marking a significant sequential weakening from 2.9% comparable sales growth in 4Q16.
French comps came in at 0.5%, weaker than in the prior quarter, with supermarket and hypermarket formats seeing softer growth.
International comps were up 2.1% in 1Q17, with Latin American sales growing at a more modest pace than in the final quarter of 2016.

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