Carrefour: Positive Momentum Continues in Third Quarter

Carrefour reported a third-quarter trading update, with group like-for-like sales up 9%. Within this, France reported 4.3% like-for-like growth in the quarter, supported by resilient like-for-like growth across formats. Supermarkets sales were up 3.8%, but the standout performance came from the Hypermarkets segment, which was the main driver (up 4.2%), with trends for convenience stores continuing to be strong, up 5.3% on a like-for-like basis. Carrefour France reported another notable performance. Recent trends in the region confirm that execution and positioning of the business continue to yield tangible results in a key market (France) and channel (hypermarkets), driven by solid like-for-like sales growth in food (up 5.7%, while nonfood was down 6.8%).