The retailer saw strong growth in Europe and Latin America
French supermarket retailer Carrefour has announced its end of fiscal year 2015 results.
Sales growth was generated in both its domestic market of France (5.3%) and internationally (5.3%). Overall, full-year sales grew to €86.3bn. Carrefour noted that growth was seen across all of its channels in France, illustrating the dynamism of its multi-format model. In its hypermarket channel – its largest – sales totalled €21,369m, up 1.3% like-for-like. Meanwhile, its supermarket channel registered €13,066m, up 1.9% like-for-like. Convenience and other formats saw the largest like-for-like sales growth of 2.7%, although still accounts for the smallest share of Carrefour’s retail proposition, generating €6,166m.
Internationally, Carrefour generated sales of €22,127m in other European countries, €16,107m in Latin America and €7,459m in Asia. While there was growth observed in the first two regions, Asia suffered, with like-for-like sales down 10.3%. However, Carrefour confirmed there was growth in Taiwan specifically and is continuing to roll-out its action plan in China.