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Carrefour Reports 1Q 2008 Sales
May 14, 2008
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Retailer Carrefour reported strong 1Q 2008 sales. Excluding acquisitions, group sales increased 6.8%, with France and Spain reporting sales growth overall of 2.6% and 8.0%, respectively. Sales in Western Europe (excluding France) grew 4.4% in the quarter. Sales in Italy grew 1.5%, while sales in Belgium grew 1.6%.
 
Sales in Latin America increased 53.8%, with sales in Argentina rising 48.4%, sales in Colombia, increasing 26.7%, and sales up 61%.
 
In the 1Q 2008, the retailer opened or acquired 272 new stores, bringing its total to 151 Carrefour hypermarkets.

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