Carrefour sales rise but French hypermarkets slip

10th July 2008, Comments 0 comments

The French supermarket giant Wednesday said its three months to June sales rose 6.0 percent to EUR 23.72 billion.

10 July 2008

PARIS - French supermarket giant Carrefour on Wednesday said its three months to June sales rose 6.0 percent to EUR 23.72 billion.

For the first half of 2008, sales were up 8.0 percent at EUR 47 billion.

Carrefour, the world's second biggest supermarket chain, said sales at its French hypermarkets in the second quarter were down 2.4 percent, reflecting weaker consumer confidence in its home market.

"Our hypermarkets can and must improve their performance," chairman Jose Luis Duran told an analyst conference call, promising to increase promotions in the second half of the year.

The company confirmed its most recent forecast of 5.0 percent growth in operating profit for this year, in line with sales.

[AFP / Expatica]

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