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Carrefour maintained strong momentum in Q1 of 2022

Carrefour outperformed and came out strong in the French market. The popular retailer created strong momentum and had +3.4% like-for-like sales growth. Carrefour’s sales were up +9.0% in Q1 of 2022 and continued capturing market share in France, Spain, and Brazil. The retailer had a +3.4% LFL in Spain and a +7.5% LFL in Q1 in Brazil. Online sales also went up as its GMV was up +10% in Q1. Carrefour confirmed that it achieved the target of net free cash flow of above €1bn in 2022.  

To read more, visit Carrefour

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