EVRY (dpa-AFX) - French grocery retailer Carrefour Group (CRERF, CRRFY, 0NPH.L) reported Thursday that its first-quarter sales including value added tax or VAT increased 6.2 percent from last year to 21.30 billion euros. On a like-for-like basis, excluding petrol, sales increased 1.4 percent.
Total sales under banners including petrol stood at 25.7 billion euros in the first quarter of 2017, up 4.7% at current exchange rates.
The company recorded continued progression in food sales with 5.9% rise on a reported basis and up 2.2% on a like-for-like basis. Group Gross Merchandise Value climbed 34%.
In the quarter, international sales increased 10.9 percent on a reported basis and 2.1 percent on a like for-like basis to 11.89 billion euros. France sales edged up 0.8 percent to 9.41 billion euros.
Further, the company confirmed its target for full-year 2017 sales growth of 3% to 5% at constant exchange rates.
Copyright RTT News/dpa-AFX