Carrefour Brasil Sees 10.2% Growth In Q4 Sales
Carrefour Brasil has reported consolidated sales of R$ 15.8 billion (€3.6 billion) in the fourth quarter of 2018, up 10.2% on the same period of the previous year.
Like-for-like sales rose 6.2% in the same period, the highest growth achieved by the retailer since Q1 2017.
For full year 2018, Carrefour achieved a gross revenue of R$ 56.3 billion (€13 billion), up 7.8% year-on-year.
The result was marked by the continued growth of wholesale self-service (cash & carry) banner Atacadão, which registered a 7.4% LFL sales increase in Q4 to R$ 10.7 billion.
This was due to 'continued gains in volumes, higher average ticket prices and more favourable commodity prices', the retailer said, with LFL sales accelerating over the course of the year.
For the full-year, Atacadão sales increased 4.8% to R$ 37.6 billion.
Across the other Carrefour store formats (including super, hypermarkets and mini-markets), LFL sales grew 3.5% in Q4 to R$ 5.1 billion, while FY 2018 sales amounted to R$ 18.8 billion (+1.8%).
Private Label Focus
Private label represented 11.1% of total food sales by year-end, a gain of 1.1% on the previous quarter.
Carrefour has outlined plans to double the number of private label SKUs it offers to 2,000 by 2022 and for store brands to reach 20% of Carrefour’s sales.
Organic products grew 84% year-on-year and the retailer’s aim is to grow organic product sales to R$ 500 million by 2022 from less than R$ 50 million in 2018.
E-commerce was the fastest-growing format within Carrefour Brazil in Q4 due to a strong Black Friday and even stronger December sales.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine