Carrefour Brazil (CRFB3) reported total consolidated sales of R$27.8 billion in the first quarter of 2024 (1Q24), an increase of 2.5% compared to the first quarter of 2023 (1Q2023).
Gross trading volume (GMV) reached R$2.4 billion in this period, a growth of 52% year-on-year.
In contrast, cash and carry (C&C) sales totaled R$ 19.3 billion, 6.6% higher than in the first quarter of 2023, driven by growth in same-store sales (LfL) of +1.8% in the year-over-year comparison and due to 4.5% growth in sales Atakadaw. Expansion, with over 20 new C&C stores in the past 12 months.
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Meanwhile, retail sales totaled R$6.9 billion in the first quarter of 2024, down 10.7% year-on-year. According to the company, this figure is due to a 24% decline in sales territory, with 25 retail stores converted to Atacadao stores and 140 retail stores closed in the past 12 months.
Banco Carrefour's total revenues reached R$15.9 billion in the first quarter of 2024, a year-on-year increase of 15.6%, driven by 20.1% growth in Atacadão Card revenues and 8.4% growth in Carrefour Card revenues. Sam's Club credit card revenue reached R$440 million in the quarter, up 192.6% year-over-year.
Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.