French supermarket retailer Carrefour has announced its end of fiscal year 2015 results.
Sales growth was generated in both its domestic market of France (5.3%) and internationally (5.3%). Overall, full-year sales grew to €86.3bn. Carrefour noted that growth was seen across all of its channels in France, illustrating the dynamism of its multi-format model. In its hypermarket channel – its largest – sales totalled €21,369m, up 1.3% like-for-like. Meanwhile, its supermarket channel registered €13,066m, up 1.9% like-for-like. Convenience and other formats saw the largest like-for-like sales growth of 2.7%, although still accounts for the smallest share of Carrefour’s retail proposition, generating €6,166m.
Internationally, Carrefour generated sales of €22,127m in other European countries, €16,107m in Latin America and €7,459m in Asia. While there was growth observed in the first two regions, Asia suffered, with like-for-like sales down 10.3%. However, Carrefour confirmed there was growth in Taiwan specifically and is continuing to roll-out its action plan in China.
