Belgium-based retailer Colruyt has posted an 8.5% increase in sales for its fiscal first quarter on the back of promotions and shoppers seeking barbecue products during the hot weather.
Sales reached EUR1.8bn (US$2.34bn), up on the EUR1.66bn reported in the same period last year.
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Colruyt’s retail business, which makes up the bulk of turnover, reported 7.1% sales growth to EUR1.38bn.
Its wholesale and foodservice division, meanwhile, grew 11.4% to EUR324m. The growth in the wholesale and food distribution was attributed to its Spar wholesale activity.
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By GlobalData
