- Record Net Income: Carrefour Brasil reported a net income of R$330 million for the second quarter of 2024, a significant turnaround from a net loss of R$249 million in the same period last year. This also surpassed the estimated net income of R$185.7 million.
- Adjusted Net Income: The company’s adjusted net income for the quarter was R$151 million, up from R$29 million year-over-year.
- Total Revenue Growth: Carrefour Brasil achieved total revenue of R$29.62 billion, which exceeded the estimated R$28.5 billion.
- Net Sales Increase: Net sales grew by 8.1% year-over-year, reaching R$28.05 billion.
- EBITDA Improvement: Adjusted EBITDA for the quarter was R$1.61 billion, an increase of 20% from last year and above the estimated R$1.58 billion.
- EBITDA Margin Expansion: The adjusted EBITDA margin improved to 5.7% from 5.2% year-over-year.
- Capital Expenditure: Carrefour Brasil’s capital expenditure for the quarter was R$523 million.
- Analyst Ratings: The company received 9 buy ratings and 7 hold ratings, with no sell ratings.
A look at Carrefour SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Carrefour SA, a leading retail company operating various types of stores globally, has received a positive overall outlook based on Smartkarma Smart Scores. With strong scores in value, dividend, and growth factors, Carrefour SA is positioned well for long-term success. The company’s commitment to providing value to its customers, along with a solid dividend payout and potential for growth, signifies a promising future ahead.
However, Carrefour SA faces some challenges in terms of resilience and momentum, as indicated by the lower scores in these areas. Despite this, the company’s strong performance in key factors bodes well for its long-term prospects. Investors may find Carrefour SA an attractive investment opportunity considering its favorable outlook in key areas essential for sustainable growth and profitability.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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