- Carrefour reported comparable sales growth of 2.7% in 1Q19, strengthening from the prior quarter and beating analyst expectations.
- Strengthening comp growth in France to 1.0%, including 2.0% comp growth in food, supported this outperformance. In France, general merchandise remained a drag on Carrefour’s overall performance.
- Management pointed to “numerous initiatives” to strengthen Carrefour’s competitiveness across markets, with major price-cut campaigns in France.
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