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Carrefour Brazil Sees 68% Growth In Q3 Net Profit

Published on Nov 12 2018 9:59 AM in Retail tagged: Brazil / Carrefour Brasil / Paywall

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.

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