PARIS, April 10 (Reuters) - Carrefour, Europe’s biggest retailer, said first-quarter like-for-like sales rose 3.7 percent, with sales in austerity-hit Spain growing for the second consecutive quarter while those at French hypermarkets slowed.
In the two major emerging markets Carrefour has earmarked for expansion, growth accelerated in Brazil but China stayed weak.
The world’s largest retailer after Wal-Mart said first-quarter sales were 19.79 billion euros, close to the analyst consensus of 19.83 billion, according to Thomson Reuters I/B/E/S data.
Same-store sales at Carrefour’s French hypermarkets, a closely tracked metric, rose 0.7 percent after a 1.4 percent rise in the fourth quarter 2013.
Chief Financial Officer Pierre-Jean Sivignon said that Carrefour saw the market’s consensus for core operating profit of around 2.38 billion euros this year as “reasonable at this stage”. (Reporting by Dominique Vidalon; Editing by Leila Abboud)