Carrefour sales boosted by Latin America
French retail giant Carrefour has reported a 3.2% rise in underlying first quarter sales, beating analysts' expectations.
The retailer posted total sales of €21bn ($22.4bn; £15.2bn), helped by strong growth in Latin America.
Sales in its home market of France rose 2.5%, with sales at its hypermarkets - which account for nearly a quarter of group revenues - up 2.1%.
However, Carrefour performed less well in China, where sales fell by 13%.
The company said sales in China suffered from an "environment that continued to be marked by frugal consumption".
However, there was better news from Latin America, with like-for-like sales up 26.1% in Argentina and 8.4% higher in Brazil.
Carrefour confirmed it would continue with its plan to float its Brazilian business on the stock market later in the year.