The distributor improved its sales and maintained its margins in the first half.
Here is a Frenchman who can look an American giant straight in the eye. Two days after Walmart panicked the markets by sharply cutting its profitability forecasts for 2022, Carrefour is conversely demonstrating its ability to manage the impact of inflation on its accounts. And especially on the buying behavior of its customers.
Over the first six months of the year, its turnover thus increased by 5.4% like-for-like, to 43.4 billion euros, and its current operating margin was maintained at 2.1%. (814 million). Above all, while fears are mounting over purchasing power in France, its main market (45% of sales), the distributor saw its turnover increase in France by 0.7% in the second quarter, to comparable stores.
Read alsoThe French are starting to buy differently in supermarkets
While, like Walmart, the group has suffered over the past three months on its non-food shelves (-2.7%), overall it is reaping the benefits of the transformation efforts of recent years. Especially on formats…
This article is for subscribers only. You have 74% left to discover.
Cultivating your freedom is cultivating your curiosity.
Keep reading your article for €0.99 for the first month
Already subscribed? Login