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Carrefour Q3 Sales Down 2.8%

French grocery retailer Carrefour Group (CRERF, CRRFY,0NPH.L) Wednesday reported third-quarter sales including value added tax of 21.09 billion euros, down 2.8%. Sales were up 2.7 percent at constant exchange rates from last year.

On a like-for-like basis, excluding petrol, sales increased 2.1 percent.

The company said sales growth was driven by better momentum in France, reflecting an improved commercial performance in all formats and better market trends. Strongly accelerating growth in Brazil, supported by an improved commercial performance and a return to slight food inflation.

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