French retailer Carrefour Group posts Q1 FY21 sales of €18.5 bn

The Carrefour Group, a French multinational corporation specialised in retail, reported 4.2 per cent sales growth like-for-like basis (LFL) to €18.5 billion in its first quarter (Q1) of fiscal 2021 ended on March 31, 2021, compared to sales of €19.4 billion in the same period previous fiscal. The company’s sales in France grew 3.5 per cent to €9.1 billion.

 

The Carrefour Group, a French multinational corporation specialised in retail, reported 4.2 per cent sales growth like-for-like basis (LFL) to €18.5 billion in its first quarter (Q1) of fiscal 2021 ended on March 31, 2021, compared to sales of €19.4 billion in the same period previous fiscal. The company's sales in France grew 3.5 per cent to €9.1 billion.#

“Carrefour is showing sustained commercial momentum and posted a quarter of growth that is all the more remarkable given that it compares with the exceptional period of March 2020, marked by the outbreak of the sanitary crisis. Our growth model, based on operational excellence, competitiveness and the power of our omnichannel offer, translates into market share gains in our main countries,” Alexandre Bompard, chairman and chief executive officer at Carrefour, said in a press release.

 

The Carrefour Group, a French multinational corporation specialised in retail, reported 4.2 per cent sales growth like-for-like basis (LFL) to €18.5 billion in its first quarter (Q1) of fiscal 2021 ended on March 31, 2021, compared to sales of €19.4 billion in the same period previous fiscal. The company's sales in France grew 3.5 per cent to €9.1 billion.#

Sales in Europe fell 1.6 per cent to €5.4 billion, while Latin America sales jumped 15.7 per cent to €3.3 billion. However, sales in Asia dipped 6.4 per cent to €655 million.

 

The Carrefour Group, a French multinational corporation specialised in retail, reported 4.2 per cent sales growth like-for-like basis (LFL) to €18.5 billion in its first quarter (Q1) of fiscal 2021 ended on March 31, 2021, compared to sales of €19.4 billion in the same period previous fiscal. The company's sales in France grew 3.5 per cent to €9.1 billion.#

“Our confidence in the success of our transformation plan as well as in our ability to generate high cash flow is further strengthened. And in line with our capital allocation policy, we are seizing the opportunity offered by current market conditions to announce a share buyback,” Bompard said.