Carrefour 4Q Sales Fall; French Competitive Environment Remains Tough
17 Janvier 2018 - 6:45PM
Dow Jones News
By Anthony Shevlin
Carrefour SA (CA.FR) said Wednesday that sales decreased in the
fourth quarter, in part due to the competitive environment in
France.
The French retailer said sales for the period fell by 0.2% to
23.3 billion euros ($28.5 billion) at current exchange rates,
compared with analyst expectations provided by the company of
EUR23.2 billion. Like-for-like sales rose 1.9%, excluding petrol
and calendar.
Sales in France fell 0.5% to EUR10.7 billion in the fourth
quarter, reflecting a "persistently competitive environment," said
Carrefour. An analyst consensus provided by the company expected
sales of EUR10.5 billion. On a like-for-like basis sales in France
rose 1.5%.
Carrefour said total sales for 2017 rose 3% to EUR88.2 billion,
helped by non-food sales.
The company said it expects its recurring operating profit to be
about EUR2 billion in 2017, a drop of about 15% at current exchange
rates.
Carrefour releases its full-year 2017 results on Feb 28.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
January 17, 2018 12:30 ET (17:30 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Carrefour (EU:CA)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Carrefour (EU:CA)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024