Carrefour's Q1 sales were about euro19.6 billion ($25.4 billion). Pro forma sales improved by 4.8%, excluding currency. Including currency, they grew 5.2%. Excluding gasoline, year-over-year same-store hypermarket sales in France, its largest market, improved 0.5%. Supermarket sales dropped 4.3%.
Carrefour's units in South America fared particularly well. Same-store sales in the hypermarket division jumped 8.5% in Argentina and 9.8% in Brazil. However, in certain European countries, same-store sales fell; hypermarkets dropped by 2.5% in Greece and 1.6% in Belgium.
So far this year, the company has grown in Poland – last month Carrefour acquired 12 hypermarkets from Ahold, brining its total to 29 hypermarkets and about 70 supermarkets in that country. The retailer exited Mexico last month, selling 29 hypermarkets to Chedraui for about euros19 million ($673.6 million).
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