Insight Report 3 minutes Premium

Carrefour (ENXTPA: CA) 4Q and FY16 Trading Update: Growth Slows in France

Executive Summary

  • Carrefour reported FY16 sales growth of 3.3% at constant currency to €85.7 billion including VAT ex fuel (down 0.7% in reported currency, including fuel).
  • In France, Carrefour’s largest market, FY16 sales fell by 0.5% ex fuel. At constant currency, sales in Asia fell 4.1%, sales in Latin America grew 16.8% and sales in other European countries rose 2.3%.
  • Carrefour said that its omnichannel strategy in France and good momentum in global food sales contributed to its performance in the year.

This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.
If you wish to learn more about our subscription plans and become a paying subscriber, click here.