Carrefour (ENXTPA: CA) 4Q18 Update: Latin America Picks Up the Slack as France Is Hit by Disruption

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Key Points

  • Carrefour reported a solid quarter, with group comparable sales up 1.9%, ahead of consensus.
  • Growth was driven by Latin America, where comparable sales were up 12.9%. France was weak, with comp growth of 0.1%; management said that its hypermarkets took a hit from protests in France.
  • Management reported progress toward the company’s Carrefour 2022 targets on a number of fronts. 

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