Carrefour: FY 2019 sales up 3.1%, targets confirmed
(CercleFinance.com) - The French food retailer's Q4 2019 sales including VAT increased 3.
1% like-for-like to 21,743 million euros (prior to application of the IAS 29), up 2.5% at constant exchange rates. At current exchange rates, sales inched up 0.1%.
Gross FY sales increased by 3.1% on a like-for-like basis (LFL) to 80,735 million euros (prior to application of the IAS 29), up 2.1% at constant exchange rates. At current exchange rates sales slipped 0.4%.
In France, Q4 2019 sales fell by 0.9% on a comparable basis (up 0.4% LFL in food and -7.7% LFL in non-food).
Management confirmed the financial targets of the Carrefour 2022 plan. They include a FY savings plan of 2.6 billion euros by 2020, 4.2 billion euros e-commerce sales in 2022, 4.8 billion euros in organic products in 2022.
The group has also confirmed that its target of divesting 500 million euros of non-strategic real estate assets by 2020 was reached in October 2019.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
1% like-for-like to 21,743 million euros (prior to application of the IAS 29), up 2.5% at constant exchange rates. At current exchange rates, sales inched up 0.1%.
Gross FY sales increased by 3.1% on a like-for-like basis (LFL) to 80,735 million euros (prior to application of the IAS 29), up 2.1% at constant exchange rates. At current exchange rates sales slipped 0.4%.
In France, Q4 2019 sales fell by 0.9% on a comparable basis (up 0.4% LFL in food and -7.7% LFL in non-food).
Management confirmed the financial targets of the Carrefour 2022 plan. They include a FY savings plan of 2.6 billion euros by 2020, 4.2 billion euros e-commerce sales in 2022, 4.8 billion euros in organic products in 2022.
The group has also confirmed that its target of divesting 500 million euros of non-strategic real estate assets by 2020 was reached in October 2019.
Copyright (c) 2020 CercleFinance.com. All rights reserved.