French supermarket supremo Carrefour today [Wednesday] reiterated its goal of growing full year earnings by 10% to 15% after posting a 25% increase in H1 earnings to €400m (US$393.1m) from €320m.
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Analysts had expected the chain to post earnings of €370m for the period.
Announcing the news, CEO Daniel Bernard insisted that: “The priorities remain the same for this year and 2003, sales, costs and cash.”
Revenue slipped in the H1 however, down 1.1% to €33.09bn. And EBITDA was up just 1.5% to €1.922bn.
Bernard said that the firm would tackle this drop in sales by stepping up its ambitious global store openings programme during the H2. Carrefour plans to open 31 new hypermarkets across the world between July and December, the same number as opened in the whole of 2001.
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