Carrefour Brazil Sees 68% Growth In Q3 Net Profit
Carrefour Brazil has reported an adjusted profit of R$391 million for the period from July to September 2018 – a year-on-year increase of 67.6%.
Consolidated sales in the same period increased by 8.1%, to R$14.0 billion (R$13.3 billion excluding petrol), with LFL sales up 5.1%, including petrol – the highest gain since Q1 2017.
In the wholesale segment (known locally as atacarejo), the Atacadão banner saw an 11.2% rise in gross revenue, to R$9.5 billion, due to a decision to accelerate store openings to 20 new units per year, compared to 10-12 stores in previous periods.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!