Carrefour plans to buy back shares, reports sales up 5.5%

04/16/2010 | Bloomberg Businessweek

Carrefour said growth in France helped boost sales by 5.5% in the first quarter. The retailer also said it plans to repurchase shares for the first time since 2007. The Paris-based company said sales reached €24 billion, exceeding the median estimate of analysts polled by Bloomberg. Carrefour is also planning to look for acquisition targets in Brazil, Spain and China, according to CFO Pierre Bouchut.

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