10/17/2018

2018 3rd Quarter Sales

BELOW

Acceleration in sales growth to +2.1% like-for-like in the third quarter (vs +0.7% in H1), notably in France
(+1.6%) and in Brazil (+5.1%), reflecting:

- Better momentum in France, driven by an improved commercial performance in all formats and better market trends
- Strongly accelerating growth in Brazil, supported by an improved commercial performance and a return to slight food inflation; total growth was also driven by the rapid expansion of Atacadão
- Food e-commerce sales growing above 30%


New advances in the roll-out of the « Carrefour 2022 » plan:
- Roll-out of the omnichannel offer: Opening of new Drives and pedestrian Drives; extension of home delivery offer; continued roll-out of single entry-point merchant websites
- Acceleration of the revamp of the in-store commercial proposition: Continued commercial investments; acceleration of the plan to reduce selling area in hypermarkets; launch of Darty shop-inshop tests in France
- Sustained pace of expansion in growth formats: More than 300 store openings in convenience and 14 Atacadão openings in Brazil over the past nine months
- Implementation of the purchasing alliances with Système U and Tesco
- Progress in the transformation of organizations: Exit of the ex-DIA stores from the Group’s scope at end-July; transfer of 5 hypermarkets to lease management contracts in France in September; closing of
the voluntary departure plan covering 2,400 positions at headquarters in France
- Further productivity and cost-reduction initiatives: Significant progress in selectivity and productivity of investments, allowing the Group to carry out its investment program while containing capex, estimated
at between €1.7 billion and €1.8 billion in 2018
- Concrete actions to promote the food transition for all: Success of the Act for Food international campaign; acquisition of the SoBio chain, specialized in organic products

The continuing revamp of the omnichannel commercial proposition and financial discipline, in line with the Carrefour 2022 transformation plan, strengthen the Group’s growth potential and Free Cash Flow generation.

Download the release of the 2018 Q3 sales (pdf 720.43 KB) Download the presentation (pdf 758.73 KB)

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