Carrefour posts first-quarter sales growth, confirms full-year targets [Yahoo! Finance]
CARREFOUR SA S/ADR (CRRFY)
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Source: Yahoo! Finance
Group sales totalled €21.14bn ($24.73bn) in the quarter. Food sales rose 2.6% on a LFL basis, while non-food sales fell 0.7%. In France, LFL sales increased 1.4%, which the company said reflected gains in market share and better customer satisfaction. The former Cora and Match outlets performed ahead of Carrefour's legacy formats, delivering LFL growth of 2.3% and 3.4% respectively. Spain posted LFL growth of 3.1%, supported by convenience stores and e-commerce. In Brazil, sales were down 0.8% on a LFL basis, which Carrefour linked to softer food inflation and slightly negative volumes. In its other markets, the group recorded LFL growth of 9.3%. Carrefour chairman and CEO Alexandre Bompard said: “Carrefour has delivered a solid start to 2026, with solid sales growth, in a volatile geopolitical and macroeconomic environment. “This strong overall performance, achieved through the commitment of our teams and partners, is in line with our expectations for this first quarte
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