May 15, 2018 / 10:29 AM / 2 months ago

Carrefour Brasil misses Q1 profit estimate

SAO PAULO, May 15 (Reuters) - Carrefour Brasil, the country’s largest food retailer, missed quarterly profit estimates on Tuesday, as administrative expenses went up.

In a securities filing, the company reported first-quarter net income of 332 million reais ($91.64 million), up 66.8 percent from the same period a year before, but below a Reuters consensus estimate of 359 million reais.

$1 = 3.6229 reais Reporting by Carolina Mandl, editing by Louise Heavens

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