EVRY (dpa-AFX) - French grocery retailer Carrefour Group (CRERF, CRRFY, 0NPH.L) reported Thursday increased sales for the second quarter, particularly boosted by sales growth in Asia and Latin America.
Consolidated sales for the quarter grew 4.2 percent to 21.37 billion euros from last year.
Sales increased 2.6 percent on an organic basis, excluding the calender and petrol impacts. Total sales under banners, including petrol, grew 5.7 percent to 26.0 billion euros in the second quarter at current exchange rates.
The company's like-for-like sales for the quarter edged up 0.7 percent, and like-for-like sales, excluding calendar effect and petrol, rose 1.7 percent.
In France, sales increased 3.3 percent to 10.17 billion euros, reflecting strong growth in convenience and other formats. France recorded total ex petrol sales growth of 5.5 percent. These included the privately-held Dia France stores that were acquired in early December 2014. Organic sales growth in France was 1.1 percent.
Like-for-like sales in France edged down 0.6 percent, while that, excluding calendar effect and petrol, grew 0.9 percent. Organically, hypermarkets, supermarkets as well as convenience and other formats in France generated higher sales.
International sales grew 5.0 percent to 11.20 billion euros from last year, with 7.8 percent growth in Latin America, 13.0 percent in Asia, and 0.7 percent in other European countries. Organic sales in international markets grew 3.8 percent.
Sales in international markets were boosted by growth in Asia, particularly in China, and continued strong performance in Latin America, particularly in Brazil.
Like-for-like sales in international markets increased 1.8 percent, and like-for-like sales, excluding calendar effect and petrol, grew 2.3 percent. Like-for-like sales were negative in other European countries and Asia, positive in Latin America.
As at the end of the second quarter, Carrefour had the total network of 11,910 stores.
Carrefour shares closed Wednesday's regular trading in Paris at 30.13 euros, up 0.15 euros on a volume of 1.97 million shares.
Copyright RTT News/dpa-AFX