Carrefour Brasil's Q1 sales rise 12.5% as coronavirus boosts e-commerce [Reuters]
CARREFOUR SA S/ADR (CRRFY)
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Source: Reuters
Carrefour Brasil's first-quarter sales rise 12.5% as coronavirus boosts e-commerce SAO PAULO (Reuters) - Brazilian food retailer Carrefour Brasil SA ( CRFB3.SA ) on Monday reported a 12.5% rise in first-quarter gross revenue from the same period a year ago, with the coronavirus outbreak boosting sales in all formats, especially its food e-commerce. Excluding gasoline, total gross sales hit 15.197 billion reais ($2.69 billion) in the quarter, the local subsidiary of France’s Carrefour SA ( CARR.PA ) said in a securities filing. On a like-for-like basis, excluding calendar effect, gross sales rose by 7.6% year-on-year. Online sales under the flagship Carrefour brand more than tripled.
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