- Carrefour’s global like-for-like (LFL) sales, excluding fuel and calendar effects, rose by 8.8%, surpassing the estimate of 7.98%.
- In France, Carrefour’s LFL sales, excluding fuel and calendar effects, fell by 3%, performing worse than the estimate of a 1.92% decline.
- French hypermarkets saw a significant decline in performance with a 6.1% drop in LFL sales, worse than the estimated 3.9% decrease.
- French supermarkets’ LFL sales dipped by 1.5%, slightly below the expected 0.5% decrease.
- Convenience stores and other formats in France showed a positive LFL sales growth of 1.5%, outperforming the estimate of 0.5%.
- Carrefour’s operations in Belgium experienced a 2.2% decline in LFL sales, which is worse than the estimated 0.83% drop.
- In Spain, LFL sales decreased by 1.1%, underperforming compared to the estimated 0.77% fall.
- Italy recorded a 3.1% decrease in LFL sales, slightly more than the projected 2.5% decrease.
- Latin America showed robust performance with a 36.4% increase in LFL sales, exceeding the estimate of 32.4% growth.
- Carrefour’s total sales, including VAT, reached EU23.98 billion, slightly under the estimate of EU24.17 billion.
- Sales in France, including VAT, amounted to EU11.66 billion, which was higher than the estimated EU11.26 billion.
- Carrefour confirmed its financial targets for the full year 2024, aligning with its 2026 plan.
- The company anticipates growth in EBITDA, Recurring Operating Income, and Net Free Cash Flow for 2024.
- A cost-saving target of €1.2 billion for 2024 is reaffirmed.
- The group observed initial signs of improvement in consumer behavior.
“`
A look at Carrefour SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
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 retail giant with a vast network of supermarkets and hypermarkets across continents, is showing a promising long-term outlook based on the Smartkarma Smart Scores. With an impressive score of 5 in the Dividend category, Carrefour SA is evidently committed to rewarding its investors through attractive dividend payouts. This signals stability and attractiveness for income-focused investors seeking reliable returns.
Moreover, the company’s strong momentum score of 5 suggests a positive trend in its stock performance, indicating a potential for continued growth and shareholder value appreciation. Although scoring lower in areas like Growth and Resilience, with scores of 3 and 2 respectively, Carrefour SA‘s solid performance in Dividends and Momentum bodes well for its overall prospects in the long run.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
