Carrefour

Carrefour has seen sales tick up 2.7%

Carrefour, the world’s second largest retailer, has reported a third-quarter sales increase of 2.7% to €21.1bn (£17.8bn).

The retailer said that in France, its biggest market, all of its formats posted growth, with sales up 3%.

International sales climbed 3.8%, boosted by continued growth in Latin America, where sales rose 11.2%. In Brazil, sales rose 8.8% on a like-for-like basis, and by 20.4% in Argentina. Like-for-like organic sales in China were up 4.7%.

“Carrefour is showing solid growth in its domestic market as well as abroad,” chief financial officer Pierre-Jean Sivignon told reporters. “Our price image and store traffic continues to improve.”

Reported sales at hypermarkets were up 2%, while sales excluding petrol at supermarkets were up 1.9%. Convenience and other formats posted reported sales up 5.3%, excluding petrol.

In March, Carrefour posted a 0.9% sales increase in its full-year results for 2012, driven by emerging markets.