CA Carrefour

   By Anthony Shevlin 
 

Carrefour SA (CA.FR) said Wednesday that sales in the first quarter of 2019 rose on a like-for-like basis, and the company confirmed its financial targets for 2020.

The French retailer said sales were 20.02 billion euros ($22.49 billion), up 2.7% on a like-for-like basis. Post-IAS sales--which take into account hyper inflation in Argentina--were EUR19.99 billion, the company said.

Sales at constant exchange rates rose 0.5%, it said.

Analysts at Jefferies expected Carrefour's year-on-year sales to fall 3%, buffeted by an Easter calendar shift, with continued market share losses in France.

Sales in the company's domestic market of France rose 1% on a like-for-like basis to EUR9.03 billion.

Carrefour confirmed the financial targets in its 2020 transformation plan.

Write to Anthony Shevlin at anthony.shevlin@dowjones.com; @anthony_shevlin

(END) Dow Jones Newswires

April 24, 2019 12:19 ET (16:19 GMT)

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