Carrefour posts 6.2% increase in sales in H1 | Progresiv
Carrefour has posted a 6.2% increase of sales in the first half of its financial year, having posted a 6.1% increase in the second quarter, according to a recent statement. 
The group said that the second quarter performance reflects 'a good like-for-like performance and expansion', and that its core French market posted further sales growth, rising by 0.8% in the quarter, including like-for-like growth across all formats.
Across Europe, like-for-like sales were up 3.4%, while overall growth was 8.6%. In the Rest of World, sales were up 13.6%.
Total sales under banners including petrol stood at 26.3 billion euros in the second quarter of 2017 and at 52.1 billion euros in the first half, up respectively by 5.2% and 4.9% at current exchange rates.
'This performance reflects robust like-for-like sales growth in all regions in which the Group operates, in a strongly promotional context and in a macroeconomic environment marked by the slowdown of inflation in several markets,' Carrefour said.
'It also reflects the positive effect of expansion and acquisitions, Billa in Romania and Eroski in Spain. Food sales continued to grow strongly, up 6.3% in the half, of which 2.7% on a like-for-like basis.' (www.esmmagazine.com)
