Carrefour Brasil's Q1 profit falls 15.8% driven by taxes, financial expenses
May 11, 2020 at 21:21 PM EDT
Brazilian food retailer Carrefour Brasil SA on Wednesday reported a 15.8% drop in first-quarter net income from the same period a year ago, as higher taxes and financial expenses overshadowed double-digit sales growth partially driven by stockpiling amid the coronavirus outbreak.