1. Market Data
July 17, 2014

Carrefour sales up by 5.2% in Q2

French grocery retailer Carrefour has witnessed 5.2% increase in the second-quarter (Q2) consolidated sales, at constant exchange rates, as against the same period last year.

French grocery retailer Carrefour has witnessed 5.2% increase in the second-quarter (Q2) consolidated sales, at constant exchange rates, as against the same period last year.

According to the company, sales for the quarter were impacted by combination of a currency effect, a drop in petrol prices and Easter holidays.

For the second quarter, sales amounted to €20.52bn, an increase of 0.3% from last year, impacted by a negative currency effect of 4.9%, and 1% drop in petrol prices.

Meanwhile, the later Easter holidays contributed 1.2%.

Carrefour is a multi-format, multi-channel and multi-local retailer. It operates a network of hypermarkets, supermarkets, convenience stores, and cash and carry stores across the world.

Geographically, sales in Europe grew 1.9% year-over-year while France recorded 2% increase.

In European countries’ sales improved 1.8%. European sales advanced 1.9% on organic basis, with 2.4% rise in France.

In the emerging markets, sales declined 4% at actual rates, while it climbed 13.8% at constant exchange rates.

Sales at hypermarkets edged up 0.9% organically and was up 0.4% on a like-for-like basis. Food sales continued to grow, while non-food sales were nearly flat.

Sales at supermarkets rose 3% organically, and were up 3.3% on a like-for-like basis.

Carrefour undertakes e-commerce business through ooshop.com and carrefouronline.com.

The company provides an extensive portfolio of food and non-food products. Carrefour has operational presence in Europe, Latin America and Asia.