date:Oct 18, 2013
8 billion), representing like-for-like growth of 3.1 percent, excluding fuel.
Same-store sales at its French hypermarkets rose 3 percent excluding fuel, the first increase since early 2008 and beating analyst forecasts for a rise of 1.5-2.7 percent.
Overall these third-quarter numbers were very convincing and confirm that the company's recovery is on track, said Citi analyst Pradeep Pratti.
Carrefour shares, which trade at a premium to most rivals on 17.5 times forward earnings on hopes for i