Carrefour, Europe’s largest retailer, has recorded an increase in full-year sales as good growth in the emerging markets, notably Latin America, offset tough trading in Europe.
In the 12 month period, sales edged up 1% to EUR86.56bn (US$115.69bn), the group reported today (17 January). Like-for-like sales excluding petrol remained flat. Including petrol, like-for-like sales grew by 1%.
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 emerging markets, in particular, performed well, notably Latin America where sales increased by 4.8%. In the retailer’s domestic market, sales edged up 0.1% to EUR39.53bn. Like-for-like sales including petrol were up 0.9% and excluding petrol were down 1.5%.
It was the European market, however, that posted weaker sales, with revenues down 2.5% for the year to EUR23.67bn due to a drop in consumption in Southern Europe and Poland. Weak like-for-like sales trends in Spain continued as austerity measures continued to impact consumption.
In the fourth quarter, sales were up 0.8% to EUR22.85bn, with like-for-like sales including petrol were up 1.3%.
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
