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Carrefour Q1 Sales Up

Carrefour (CRERF.PK,CRRFY.PK,0NPH.L) Tuesday reported that its first-quarter pre-IAS 29 sales totaled 19.45 billion euros, up 7.5% at constant exchange rates.

Sales were up 3.3% at current exchange rates. On a like-for-like basis, sales were up 7.8%.

CEO Alexandre Bompard said, "In a very atypical quarter, our sales were boosted in January and February by the success of strategic initiatives that we launched two years ago, then experienced a notable acceleration in March. They thus recorded sustained growth over the entire period and in all our regions."

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