France-based retailer Guyenne et Gascogne has seen annual profits tumble by a third after seeing its domestic supermarkets have a “difficult year”.
Go deeper with GlobalData
The company booked net profit of just under EUR31m (US$48.6m) for 2007, down from EUR46.9m a year earlier.
The fall in profits came despite a rise in revenue. Net sales reached EUR496m, up from EUR482.5m.
Guyenne et Gascogne admitted it had seen a “mixed” performance across its business last year. Its French supermarkets had a “relatively difficult year”, the company said.
In Spain, its Spanish subsidiary Centros Comerciales Carrefour posted rising sales and earnings.
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
