Carrefour : Q3 2019 sales preview: sequential slowdown expected largely due to the transformation plan
>Q3 2019: sequential slowdown anticipated at +1.8% organic vs +3.2% in Q2 2019 - Carrefour is due to publish its Q3 2019 sales on 22 October after the market close. We forecast consolidated sales of € 20.1bn, +0.3% on a reported basis. Organic growth and l-f-l growth, respectively, +1.8% and +1.9%, are set for a marked sequential slowdown vs Q2 (+3.2% and +3.4% on a l-f-l basis). The group will be impacted by unflattering comparison bases (Q3 2018) notably in France,...Carrefour is a distribution group based in France. Co. is engaged in retailing business, primarily in Europe (France, Belgium, Spain, Italy, Poland, and Romania); Asia (China, India, and Taiwan); and Latin America (Argentina and Brazil). Co. offers a variety of fresh produce, products from local suppliers and major-brand products. Co. operates Hypermarkets, Supermarkets, Convenience stores and Cash & Carry stores, as well as food and non-food e-commerce sites. Co. also offers services such as financial and insurance services, travel, entertainment, after-sales services, and leasing of commercial vehicles. As of Dec 31 2013 Co. operated 10,105 stores under its brand.
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