Carrefour Brasil swings to quarterly loss as BIG purchase weighs

Published on 3 May 2023 on Reuters via Yahoo Finance

Carrefour Brasil swings to quarterly loss as BIG purchase weighs

SAO PAULO(Reuters) -Carrefour Brasil reported a first quarter net loss of 113 million reais ($22.39 million), hit by high investment costs at its acquired food retailer Grupo BIG, the company said in a filing with Brazil's main stock exchange on Tuesday.

The company posted a net profit of 370 million reais in the same January-to-March period last year.

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Carrefour Brasil swings to quarterly loss as BIG purchase weighs

SAO PAULO(Reuters) -Carrefour Brasil reported a first quarter net loss of 113 million reais ($22....

Reuters via Yahoo Finance 3 May 2023