Carrefour: Third-quarter 2019 Sales
CARREFOUR SA S/ADR (CRRFY)
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Company Research
Source: Business Wire
Another quarter of growth (+2.3% like-for-like) and of rapid execution of the Carrefour 2022 plan MASSY, France--(BUSINESS WIRE)--Regulatory News:Carrefour (Paris:CA):Third-quarter 2019 sales inc. VAT up +2.3% on a like-for-like basis (LFL)Return to growth in Spain (+1.5% LFL)Good commercial momentum in Latin America (+12.8% LFL), driven by the highest LFL growth at Carrefour Retail in Brazil in five yearsSales in France slightly decreased (-0.9% LFL), reflecting a high comparable base (Q3 2018: +1.6% LFL), reduced promotional intensity and price investments, notably in hypermarketsFood e-commerce sales growth above +30%Carrefour continues the overhaul of its model to support sustainable and profitable growthMultiple initiatives for customer satisfaction: Net Promoter Score® (NPS®) rolled out across the Group, versatility and greater availability of employees for customersRevamp of the price-promotion-loyalty equation, reduction of promotions to favor Every Day Low Prices (EDLP) an
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