French retail giant Carrefour announced uneven growth performance in Europe in its third-quarter financial results, generating about 20.4 billion euros ($23.7 billion), a 4% quarter-on-quarter increase in sales revenue across all its markets.
According to Chairman and CEO Alexandre Bompard, the company continued to gain market share in most of the countries it operates in, despite a very high comparable base. “Our trajectory is very solid and demonstrates our ability to generate structural growth thanks to our strong customer-centric approach, good control over our operations, notably in digital, and impactful strategic initiatives,” he said.
Earlier in March, the retailer announced that it had completed the acquisition of supermarket chain, Supersol, in Spain, where Carrefour gained market share driven by strong out-of-home consumption which benefitted Carrefour’s convenience formats at the expense of hypermarkets.
Read more: https://www.pymnts.com/news/retail/2021/french-retailer-carrefour-pursues-ecommerce-ambitions-in-europe-with-uneven-q3-growth-performance/