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Carrefour (ENXTPA: CA) 3Q16 Results: Sales Lifted by Strong Performance in Latin America

Executive Summary

  • Carrefour reported net sales of €21.8 billion in 3Q16, up 3.6% from 3Q15, at constant currency excluding fuel, and beating the consensus estimate of €21.5 billion.
  • France sales fell by 0.1% year over year, while international sales grew by 6.5%, excluding fuel, at constant currency.
  • Excluding fuel and calendar effects, group comps grew by 3.2%, while organic growth was 3.1%

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