French retail giant Carrefour has posted a smaller-than-expected rise in quarterly revenue, hit by weak sales at its core French hypermarkets.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The company reported revenue of €18.85bn (US$22.9bn) for the January to March first quarter, compared to €18.28bn in the year-ago period. Analysts had expected revenue of €19.03bn, reported Dow Jones International News.


Revenue from French operations slid 1.1% to €9.30bn. Carrefour said the lower French revenue was due to increased competition from discount retailers, as well as cut-price sales promotions. Revenue from the company’s French hypermarket operations fell 3.7% to €4.80bn.


Carrefour backed its forecast of 6% revenue growth in 2004 on a constant currency basis, and a double-digit increase in earnings per share.


Carrefour said it now has 10,467 outlets worldwide, compared to 10,378 at the end of 2003.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now