Carrefour Q1 sales beat forecasts, confirms outlook

Tue May 13, 2008 11:55am EDT
 
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PARIS, May 13 (Reuters) - France's Carrefour (CARR.PA: Quote, Profile, Research, Stock Buzz) on Tuesday posted a forecast-beating 10.2 percent rise in first-quarter sales and confirmed its full-year outlook.

Carrefour, the world's second biggest hypermarket group by stock market value behind Wal-Mart (WMT.N: Quote, Profile, Research, Stock Buzz), said revenues reached 23.375 billion euros ($36.13 billion) in the three months to March 31, up from 21.219 billion euros last year.

The performance beat expectations of 23.191 billion euros based on the average forecast compiled by Reuters Estimates.

(Reporting by Astrid Wendlandt)

 

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