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Carrefour reports slowing 4th quarter sales growth

Carrefour reports slowing 4th quarter sales growth

Carrefour SA, the world's second-largest retailer, said Thursday its sales growth slowed to just 0.7 percent in the fourth quarter from a year earlier as its hypermarkets continued to underperform at home and across Europe.
The company, second only to U.S.-based Wal-Mart Stores Inc. among the world's biggest retailers, said that despite the fourth quarter slowdown it was on track to achieve the earnings targets it lowered in December. Last month, it warned that "deteriorating global consumption trends, particularly in Europe," would cause it to miss its previous forecast for earnings growth in 2008.
Carrefour reported sales of


Updated : 2021-06-17 06:29 GMT+08:00