Carrefour SA (CA.FR) said Wednesday that its sales increased in the third quarter, pushed by its international business.
Sales for the period rose by 0.4% to 21.86 billion euros (25.72$ billion), compared with analyst expectations of EUR21.8 billion provided by the company.
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Sales in France fell by 1.3% to EUR10.04 billion, due to heightened competitive pressure, deflation in fruit and vegetable prices and a later starting date of the Carrefour Anniversary promotional campaign this year, the company said.
Supermarkets in France were the worst performers, with a 3% fall in sales.
Internationally, group sales increased by 1.8%, a result negatively affected by currency effects in Latin America. At constant exchange rates, international third-quarter sales growth hit 4.6%.
Carrefour confirmed sales growth guidance of between 2% and 4% for 2017.
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(END) Dow Jones Newswires
October 18, 2017 13:18 ET (17:18 GMT)