Carrefour keeps 2024 goals as France, Europe improves in Q3
PARIS, Oct 23 (Reuters) -Carrefour CARR.PA, Europe's largest food retailer, said on Wednesday that it looked to the end of the year with confidence and it kept its 2024 financial goals intact after sales improved in France and Europe in the third quarter.
Third quarter group sales reached 23.983 billion euros ($25.85 billion), marking like-for-like annual growth of 8.8%, which was in line with market expectations for 8.6% growth.
Carrefour has been accelerating price cuts to win back market share from rivals in France and in Europe. It also benefited from solid growth in Brazil, its second-largest market.
Carrefour reiterated 2024 financial objectives for growth in Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) and Recurring Operating Income (ROI) and net free cash flow in line with its 2026 plan trajectory.
($1 = 0.9279 euros)
Reporting by Dominique Vidalon, editing by Tassilo Hummel
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