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| Name | Symbol | Market | Type |
|---|---|---|---|
| Carrefour SA (PK) | USOTC:CRRFY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.01 | -0.35% | 2.84 | 2.79 | 2.90 | 2.9099 | 2.82 | 2.85 | 1,211,458 | 22:00:02 |
From Jan 2020 to Jan 2025
By Anthony Shevlin
Shares in Carrefour SA (CA.FR) surged on Thursday following the company's third-quarter sales update late Wednesday.
The French retailer said sales in the three months ended Sept. 30 were 21.09 billion euros ($24.42 billion), down 2.8% due to the depreciation of the Brazilian real and the Argentine peso. Stripping out the negative currency hit however, sales would have grown 2.7%.
Sales in the company's domestic French market rose 2.1% as supermarkets and other formats grew and hypermarkets remained stable on a like-for-like basis.
At GMT 0705, shares in Carrefour traded at EUR16.59, up 6.5%.
Analysts at Bernstein said the sales update shows Carrefour's transformation plan is beginning to pay off in France. "This is a first encouraging quarter for the turnaround," said Bernstein.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com; @anthony_shevlin
(END) Dow Jones Newswires
October 18, 2018 03:34 ET (07:34 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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