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Financial News: CARREFOUR: Gross Revenue Rises 5.5% To R$ 12.2

CARREFOUR: Gross Revenue Rises 5.5% To R$ 12.2 Billion In 3Q17

10/18/2017 - 16:12:00 (RTTNews)

(RTTNews) - Grupo Carrefour Brasil's gross sales revenue grew by 5.5% in the third quarter of 2017, excluding fuels, to R$ 12.2 billion (US$ 3.84 billion), compared to the same period in 2016. Same-store sales, which account for the results of stores operating for at least one year, increased 1.1%.

In the year through September, Grupo Carrefour Brasil posted an 8% growth in consolidated gross sales, also excluding fuels, reaching R$ 36 billion, equivalent to a R$ 2.7 billion increase. Same-store sales increased at a slower pace of 3.6%.

At Atacadão, same-store sales grew 1.6% in the third quarter. At Carrefour, including e-commerce, same-store sales were flat in the third quarter compared to the same quarter of the previous year.

"This positive performance was possible even considering the scenario of strong food deflation in the period," said the company.

In 12 months through September, Grupo Carrefour Brasil has opened 72 stores, expanding its sales area by 6.2%. Fifteen new Cash and Carry stores, 53 convenience stores, a hypermarket, two gas stations and a wholesale service were opened in the period.

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