+3.2% like-for-like in Q3 and +3.0% over
nine months 2016
Third quarter 2016 sales: €21.8bn, +3.6% ex petrol and +3.2%
like-for-like
- International: strong sales growth,
+4.5% like-for-like
- Good sales momentum in Europe
- Continued excellent growth in Latin
America
- Sequential improvement in Asia
- France: good like-for-like growth,
at +1.2%
- Better momentum in hypermarkets
- Very good performance in supermarkets
and convenience
Nine-month 2016 sales: €62.3bn, +3.2% ex petrol and +3.0%
like-for-like
Regulatory News:
Carrefour (Paris:CA):
Consolidated third-quarter and nine-month 2016 sales inc.
VAT
The Group posted sales of €21,781m in Q3 2016. In the quarter,
currencies and petrol prices had unfavorable impacts of 1.7% and
0.8% respectively. The calendar effect was +0.1%.
Over the first nine months of 2016, the Group posted sales of
€62,333m. Over the period, currencies and petrol prices had
unfavorable impacts of 4.6% and 1.0% respectively. The calendar
effect was +0.2%.
Third quarter 2016
Nine-months 2016 Sales inc. VAT (€m)
LFL ex petrol
and ex
calendar
Total growth ex
petrol at
constant exch.
rates
Sales inc. VAT (€m)
LFL ex petrol
and ex
calendar
Total growth ex
petrol at
constant exch.
rates
International 11,612 +4.5% +6.5% 32,968 +5.0%
+6.2% France 10,169 +1.2% -0.1% 29,365
+0.1% -0.6%
Group 21,781 +3.2%
+3.6% 62,333 +3.0%
+3.2%
Total sales under banners including petrol stood at €26.2bn in
Q3 and at €75.8bn over the first nine months of 2016, up
respectively by 1.4% and 1.6% at constant exchange rates.
THIRD QUARTER 2016 SALES INC. VAT
Sales inc. VAT (€m)
LFL ex petrol
and ex
calendar
Total growth
ex petrol at
constant
exch. rates
France 10,169 +1.2%
-0.1% International 11,612
+4.5% +6.5% Other European countries 5,625
+1.0% +2.4% Latin America 4,233 +14.2% +17.2% Asia 1,754
-5.0% -2.9%
In the third quarter, France posted good like-for-like
sales in a persistently difficult environment. Total sales were
broadly stable ex petrol on the back of strong comparables in Q3
2015 (+5.6%). Food sales were up in the third quarter. The
evolution of petrol prices had an unfavorable impact of 0.9% this
quarter.
Sales on a comparable basis at hypermarkets are down 1.0%
this quarter, a sharp improvement over Q2.
Supermarkets posted a good performance, with
like-for-like sales up +3.7% on the back of strong comparables of
+2.5%. This constitutes the eighth consecutive quarter of sales
growth.
Like-for-like sales in convenience and other formats were
up +3.2%.
The transformation of stores acquired from Dia continues: 123
stores were reopened in the third quarter of 2016, bringing the
total number of stores converted to Carrefour banners since the
start of the plan to 535. The transformation plan will be
completed, as announced, at end-2016.
Sales in International activities rose by +4.5% on a
like-for-like basis and by +6.5% ex-petrol at constant exchange
rates.
In Other European countries, like-for-like sales were up
by +1.0%:
- In Spain, like-for-like sales
continued to grow, rising by +1.0% in the quarter.
- Trends also continued in Italy,
where like-for-like sales were up +2.2%.
- In Belgium, like-for-like sales
were stable.
- Like-for-like sales were up in
Romania and slightly down in Poland.
In Latin America, like-for-like sales were up by +14.2%
(+17.0% on an organic basis). The currency effect was -7.2%:
- In Brazil, like-for-like sales
grew by +12.4% (+16.2% on an organic basis).
- Like-for-like sales in Argentina
grew by +18.0%.
In Asia, like-for-like sales were down 5.0%:
- China posted a sequential
improvement with like-for-like sales down by 7.8%.
- In Taiwan, trends remained the
same and sales grew for the seventh consecutive quarter, rising by
+3.3% on a like-for-like basis.
NINE-MONTH 2016 SALES INC. VAT
Sales inc. VAT (€m)
LFL ex petrol and
ex calendar
Total growth
ex petrol at
constant
exch. rates
France 29,365 +0.1%
-0.6% International 32,968
+5.0% +6.2% Other European countries 16,143
+1.8% +1.7% Latin America 11,466 +14.4% +17.6% Asia 5,359
-5.2% -4.6%
Over the first nine months of 2016, France posted
like-for-like sales growth of +0.1%.
Like-for-like sales in International activities were up
by +5.0% over nine months. They are up +1.8% in Other European
countries. Latin America continued to post strong like-for-like
growth, at +14.4%. In Asia, like-for-like sales were down 5.2%.
Variation of third quarter 2016 sales inc. VAT
Total sales inc. VAT (€m)
Change at
current
exchange
rates inc.
petrol
Change at
constant
exchange
rates inc.
petrol
LFL inc. petrol
LFL ex petrol
ex calendar
Organic growth ex petrol
ex calendar
France 10,169 -0.9% -0.9%
+0.6% +1.2% -0.3%
Hypermarkets 5,199 -2.4% -2.4% -1.8%
-1.0% -1.5% Supermarkets 3,278 -0.6% -0.6% +0.8% +3.7% +0.5%
Convenience/Other formats 1,692 +2.9% +2.9% +8.7% +3.2% +1.9%
International 11,612
+3.0% +6.3% +4.5%
+4.5% +5.8%
Other European
countries 5,625 +1.6% +2.0%
+0.7% +1.0% +1.2% Spain
2,307 +0.6% +0.6% +0.2% +1.0% +1.3% Italy 1,341 -1.3% -1.3% +1.9%
+2.2% +0.8% Belgium 1,064 +0.6% +0.6% +0.2% +0.0% +0.4%
Latin America 4,233 +9.7%
+16.9% +14.1% +14.2%
+17.0% Brazil 3,388 +25.1% +15.8% +12.1% +12.4%
+16.2%
Asia 1,754
-6.9% -2.9% -4.3%
-5.0% -3.6% China 1,245 -11.3% -5.7% -7.0%
-7.8% -6.6%
Group total 21,781
+1.1% +2.8% +2.7%
+3.2% +3.1%
Variation of nine-month 2016 sales inc. VAT
Total
sales
inc.
VAT
(€m)
Change at
current
exchange
rates inc.
petrol
Change at
constant
exchange
rates inc.
petrol
LFL inc. petrol
LFL ex petrol ex
calendar
Organic growth ex petrol
ex calendar
France 29,365 -1.9% -1.9%
-0.8% +0.1% -1.1% Hypermarkets
15,056 -3.1% -3.1% -2.8% -1.6% -1.9%
Supermarkets 9,544 -1.8% -1.8% -0.5% +2.3% -0.5% Convenience/Other
formats 4,765 +1.6% +1.6% +7.0% +1.4% +0.5%
International 32,968 -2.8% +5.9%
+4.9% +5.0% +6.0%
Other European countries 16,143 +0.6%
+1.1% +1.3% +1.8%
+1.4% Spain 6,436 +0.4% +0.4% +0.4% +1.6% +1.5% Italy 4,007
-0.8% -0.8% +2.2% +2.7% +1.6% Belgium 3,197 +0.4% +0.4% +0.5% +0.2%
+0.1%
Latin America 11,466
-4.6% +17.6% +14.3%
+14.4% +17.6% Brazil 9,007 +3.1% +16.0% +11.9%
+11.8% +16.0%
Asia 5,359 -8.5%
-4.6% -5.1% -5.2%
-4.7% China 3,953 -12.3% -8.0% -8.2% -8.5% -8.2%
Group total 62,333 -2.4%
+2.3% +2.3% +3.0%
+2.9%
EXPANSION UNDER BANNERS – Third quarter 2016
Thousands of sq. m.
Dec. 31, 2015
June 30, 2016
Openings/Store
enlargements
Acquisitions
Closures/
Store
reductions
Total Q3
2016
change
Sept. 30, 2016 France 5,668
5,700 11 -9 2 5,702 Europe (ex
France) 6,039 5,344 42 83 -33 93 5,436 Latin America 2,258 2,278 8
8 2,286 Asia 2,734 2,728 36 36 2,764 Others1 828 887
13 -3 10 897
Group
17,526 16,936 110
83 -45 149 17,085
STORE NETWORK UNDER BANNERS – Third quarter 2016
No. of stores
Dec. 31, 2015 June
30, 2016 Openings
Acquisitions
Closures/
Disposals
Transfers
Total Q3
2016 change
Sept. 30, 2016 Hypermarkets
1,481 1,442 7
-2 5 1,447
France 242 242
242 Europe (ex France) 489 435 2 -2 435 Latin America 304
307 1 1 308 Asia 369 372 3 3 375
Others1
77 86 1
1 87
Supermarkets 3,462
3,156 22 86
-29 8 87 3,243
France 1,003 1,036 8 8 1,044 Europe (ex France) 2,096 1,745 17 86
-28 75 1,820 Latin America 168 168 168 Asia 29 32 1 1 33 Others1
166 175 4 -1
3 178
Convenience 7,181
6,921 133
-95 -8 30 6,951
France 4,263 4,247 30 -43 -8 -21 4,226 Europe (ex France) 2,464
2,196 86 -50 36 2,232 Latin America 404 422 12 -1 11 433 Asia 8 13
5 5 18 Others1 42 43
-1 -1 42
Cash & carry
172 168 3
3 171
France 142 143 143 Europe (ex France) 18 13 13 Asia 0 0 2 2 2
Others1 12 12 1
1 13
Group 12,296
11,687 165 86
-126 125 11,812
France 5,650 5,668 30 -43 -13 5,655 Europe (ex France) 5,067 4,389
105 86 -80 111 4,500 Latin America 876 897 13 -1 12 909 Asia 406
417 11 11 428 Others1 297 316 6
-2 4 320
1 Africa, Middle East and Dominican Republic.
DEFINITIONS
LFL sales growth: Sales generated by stores opened for at
least twelve months, excluding temporary store closures, at
constant exchange rates.
Organic growth: LFL sales plus net openings over the past
twelve months, including temporary store closures, at constant
exchange rates.
Sales under banners: Total sales under banners, including
sales by franchisees and international partnerships.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161018006788/en/
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