Carrefour: 0.8% Sales Increase in Q4

CARREFOUR STORE

Carrefour reported a 0.8% increases in revenues to 22.85 billion euro, or 30.26 billion dollars, in the fourth quarter of 2012, thanks to an increase in sales South America and its food sales.

The world’s second-largest retailer after Wal-Mart Stores said that there was an improved performance in France, which is its largest market, although sales in Southern European markets had declined.

On a constant-currency basis and excluding gas, like-for-like revenues increased 0.4% during the period. This included a 0.8% drop in France, a 3.9% fall in the rest of Europe, a 11.2% increase in Latin America and a 3.9% drop in Asia.

For the 12-month period, the retailer said its revenues increased 1% to 86.56 billion euro, or 114.31 billion dollars, with emerging markets, particularly Latin America, performing well.

The company expects its 2012 recurring operating income to be in line with the current median consensus, which stands at around 2.07 billion euro, or 2.73 billion dollars.

All dollar rates are calculated at average exchange rates for the period in question.