Carrefour 3Q Sales Rose; Backs 2020, 2022 Targets
22 Ottobre 2019 - 6:48PM
Dow Jones News
By Max Bernhard
Carrefour SA (CA.FR) said Tuesday that third-quarter sales
including VAT edged higher on a like-for-like basis and backed its
short-term targets.
The French retailer said sales in the quarter rose 2.3% on a
like-for-like basis to 20.2 billion euros ($22.53 billion). Sales
in the quarter were EUR20.0 billion adjusted for hyperinflation and
currency in Argentina, where Carrefour has a network of stores.
Sales in its domestic market of France fell by 0.9% on a
like-for-like basis to EUR9.77 billion. On an organic basis, sales
in France dropped 2.4%.
The retailer confirmed the targets of its 2022 strategic plan,
including the goal to cut costs by EUR2.6 billion on an annual
basis by 2020, as well as EUR4.2bn in food e-commerce sales and
EUR4.8bn in sales of organic products in 2022.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
October 22, 2019 12:33 ET (16:33 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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