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Carrefour Brasil reports 8% increase in Q3 gross sales -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: The logo of French retailer Carrefour on shopping trolleys in Sao Paulo, Brazil, July 18, 2017. REUTERS/Paulo Whitaker/File Photo

BRASILIA (Reuters) – Carrefour (PA:) Brasil, one of Brazil’s largest retailers and owned by Carrefour SA (OTC:), reported an 8% increase in gross sales for the third quarter, the company said in a filing on Tuesday.

Sales by its wholesale division Atacadao jumped 14% over the same quarter last year, while its retail business had an 8% drop in gross sales for the quarter. On-line sales plummeted 20% over the same period a year ago, Carrefour said.

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