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