Carrefour's Q1 Results Indicate That Yes, A Turnaround Will Take Time
Rome wasn't built in a day, and following Carrefour's first quarter results, published yesterday, CEO Alexandre Bompard will be at pains to remind shareholders that change can be a gradual process.
For the quarter, Carrefour posted a like-for-like sales increase of 0.4%, to €20.77 billion.
However, it is the group's French and European businesses' performance that are likely to garner the most attention; in France, the retailer saw a 0.1% like-for-like drop in sales, while in Europe, that decline was 0.8%.
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