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
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
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.
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
