[Brazil] - Carrefour Brazil Achieves Strong Growth in Q3 2024

INSUBCONTINENT EXCLUSIVE:
The retail giant Carrefour Brazil posted impressive third-quarter results for 2024, reaching R$ 29.5 billion ($5.27 billion) in consolidated
sales
wholesale division, demonstrated remarkable progress with sales reaching R$ 21.4 billion ($3.82 billion)
The wholesale unit added 13 new stores throughout Brazil, strengthening its market presence
emerged as a standout performer, with e-commerce sales hitting R$ 3 billion ($535 million)
These figures represent 10.5% of total company sales, highlighting the growing importance of digital channels.Carrefour Brazil Achieves
Strong Growth in Q3 2024
The banking division saw a 13.2% increase compared to 2023
fuel sales, achieved a 7.1% growth despite reducing floor space by 22%
This strategic downsizing aimed to optimize store efficiency and improve customer experience
position as a leading retail group while adapting to changing consumer preferences
The company focuses on integrating physical and online retail channels to enhance shopping experiences
Store modernization continues with new features like expanded bakeries and butcher services meeting diverse customer needs.Carrefour Brazil
These metrics demonstrate sustainable growth across different retail formats