We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Xtrackers California Municipal Bonds ETF | NASDAQ:CA | NASDAQ | Exchange Traded Fund |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.055 | 0.22% | 24.94 | 24.90 | 24.95 | 24.94 | 24.94 | 24.94 | 1 | 16:37:20 |
Good Start to the Year, Accelerating Growth in International Markets
Reported Growth of +3.8% Ex Petrol, +3.1% Like-for-Like
Regulatory News:
Carrefour (Paris:CA)
First quarter 2016 consolidated sales inc. VAT
The Group posted sales of €20,053m. In the quarter, currencies and petrol prices had unfavourable impacts of 6.9% and 1.2% respectively. The calendar effect was +0.6%.
Sales inc. VAT (€m)
LFL ex petrol and ex calendar
Total growth ex petrol at constant exch. rates
InternationalFrance
10,7189,335
+5.3%0.0%
+6.4%+0.1%
Group 20,053 +3.1% +3.8%Total sales under banners including petrol stood at €24.6bn in the first quarter of 2016, up 2.5% at constant exchange rates.
FIRST QUARTER 2016 INC. VAT
Sales inc. VAT (€m)
LFL ex petrol and ex calendar
Total growth ex petrol at constant exch. rates
France 9,335 0.0% +0.1% International 10,718 +5.3% +6.4% Other European countries 5,196 +3.2% +2.3% Latin America 3,451 +13.5% +18.3% Asia 2,071 -4.9% -5.2%In the first quarter, France recorded stable sales ex petrol (+0.1%), a good performance over the strong +7.9% growth posted in the first quarter of 2015. Food sales grew in the first quarter for the fourth consecutive year. The evolution of petrol prices had an unfavourable impact of 1.9% this quarter.
Like-for-like sales at hypermarkets were down 0.6% on a strong comparable base of +2.1%. Like-for-like sales at supermarkets were up by +0.7%, with an equally strong comparable base of +2.5%, marking the sixth consecutive quarterly growth in sales.
Like-for-like sales in convenience and other formats were up +1.1%.
The transformation of stores acquired from Dia has gained pace since the start of the year: 115 stores were reopened in Q1 2016, bringing to 267 the number of stores converted to Carrefour banners since the start of the program.
Like-for-like sales in international activities rose by 5.3%. The calendar effect was +0.6% in the quarter. The currency impact is strong at -12.6%.
In other European countries, like-for-like sales were up +3.2%. Every country posted like-for-like growth in the quarter.
Like-for-like sales in Spain continued to grow, with a rise of +3.4% in the first quarter. Trends also improved in Italy, where like-for-like sales were up by +4.5%. Sales in Belgium were up by +1.0% on a like-for-like basis. They were also up in Poland and sharply up in Romania.
In Latin America, like-for-like sales were up by +13.5% (+17.1% on an organic basis). The currency effect was -34.0%.
In Brazil, like-for-like sales were up by +9.9% (+14.3% on an organic basis) on a strong comparable base of +8.4% in the first quarter of 2015. All formats posted continued growth. Like-for-like sales in Argentina rose by +23.6%.
Like-for-like sales in Asia were down 4.9%. China posted a sequential improvement with like-for-like sales down 8.4%. In Taiwan, where trends accelerated, sales grew for the fifth consecutive quarter with like-for-like sales up +8.4%.
VARIATION OF FIRST QUARTER 2016 SALES INC. VAT
Total sales inc. VAT (€m)
Change at current exchange rates inc. petrol
Change at constant exchange rates inc. petrol
LFL inc. petrol
LFL ex petrol ex calendar
Organic growth ex petrol ex calendar
France 9,335 -1.8% -1.8% -1.2% 0.0% -0.8% Hypermarkets 4,887 -2.1% -2.1% -2.1% -0.6% -0.6% Supermarkets 2,991 -2.8% -2,8% -1.7% +0.7% -1.7% Convenience/ other formats 1,456 +1.4% +1.4% +4.4% +1.1% +0.5% International 10,718 -6.4% +6.2% +5.7% +5.3% +6.1% Other European countries 5,196 +0.9% +1.3% +2.7% +3.2% +2.5% Spain 2,024 +0.6% +0.6% +1.9% +3.4% +2.4% Italy 1,332 +1.3% +1.3% +3.9% +4.5% +4.2% Belgium 1,055 +1.2% +1.2% +1.6% +1.0% +0.6% Latin America 3,451 -15.2% +18.7% +15.0% +13.5% +17.1% Brazil 2,665 -12.5% +16.7% +12.2% +9.9% +14.3% Asia 2,071 -7.1% -5.2% -4.8% -4.9% -5.2% China 1,582 -10.8% -8.8% -8.1% -8.4% -9.1% Group total 20,053 -4.3% +2.6% +2.7% +3.1% +3.2%EXPANSION UNDER BANNERS – First quarter 2016
Thousands of sq. m.Dec. 31, 2015
Openings/Store enlargements
Acquisitions
Closures/ Store reductions
Total Q1 2016 change
March 31, 2016
France 5,668 14 1 -7 8 5,676 Europe (ex France) 6,039 65 -144 -80 5,959 Latin America 2,258 8 -4 4 2,262 Asia 2,734 22 -47 -25 2,708 Others1 828 37 -3 34 862 Group 17,526 145 1 -205 -60 17,466STORE NETWORK UNDER BANNERS – First quarter 2016
No. of storesDec. 31, 2015
Openings AcquisitionsClosures/ Disposals
TransfersTotal Q1 2016 change
March 31, 2016
Hypermarkets 1,481 7 -8 -1 1,480 France 242 0 242 Europe (ex France) 489 -5 -5 484 Latin America 304 1 -1 0 304 Asia 369 2 -2 0 369Others1
77 4 4 81 Supermarkets 3,462 68 1 -87 11 -7 3,455 France 1,003 3 1 -2 11 13 1,016 Europe (ex France) 2,096 53 -82 -29 2,067 Latin America 168 0 168 Asia 29 2 2 31 Others1 166 10 -3 7 173 Convenience 7,181 122 -249 -12 -139 7,042 France 4,263 29 -39 -12 -22 4, 241 Europe (ex France) 2,464 78 -206 -128 2, 336 Latin America 404 12 -2 10 414 Asia 8 0 8 Others1 42 3 -2 1 43 Cash & carry 172 1 1 2 174 France 142 1 1 143 Europe (ex France) 18 1 1 19 Others1 12 0 12 Group 12,296 198 1 -344 -145 12,151 France 5,650 32 1 -41 -8 5,642 Europe (ex France) 5,067 132 -293 -161 4,906 Latin America 876 13 -3 10 886 Asia 406 4 -2 2 408 Others1 297 17 -5 12 309DEFINITIONS
LFL sales growth: Sales generated by stores opened for at least twelve months, excluding temporary store closures, at constant exchange rates.
Organic growth: LFL sales plus net openings over the past twelve months, including temporary store closures, at constant exchange rates.
Sales under banners: Total sales under banners including sales by franchisees and international partnerships.
1Africa, Middle East and Dominican Republic.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160414006641/en/
CarrefourInvestor Relations:Alessandra Girolami, Matthew Mellin, Mathilde Rodié, +33 (0)1 41 04 28 83orShareholders Relations, +33 (0)805 902 902 (toll-free in France)orGroup Communication, +33 (0)1 41 04 26 17
1 Year Xtrackers California Mun... Chart |
1 Month Xtrackers California Mun... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions