- Recurring Operating Income: EU743 million, up by 6.1% year-over-year, but below the estimate of EU794.8 million.
- Recurring Operating Margin: 1.8%, slightly up from 1.7% year-over-year, but below the estimate of 2.09%.
- Net Sales: EU40.62 billion, down by 0.3% year-over-year, falling short of the estimate of EU42.11 billion.
- Adjusted Net Income: EU313 million, up by 2.3% year-over-year, but below the estimate of EU353 million.
- Capital Expenditure: EU659 million, down by 4.1% year-over-year, significantly below the estimate of EU853 million.
- Negative Net Free Cash Flow: EU1.70 billion, up by 1.2% year-over-year.
- Second Quarter Results:
- LFL Sales (excluding fuel and calendar effect): +10.8%, above the estimate of +8.62%.
- France LFL Sales:
- Overall: -3.5%, below the estimate of -0.82%.
- Hypermarkets: -5.5%, below the estimate of -1.6%.
- Supermarkets: -2.4%, below the estimate of -0.5%.
- Convenience/Other Formats: -0.9%, below the estimate of +1.73%.
- Belgium LFL Sales: -3.8%, below the estimate of +0.1%.
- Spain LFL Sales: -2.1%, below the estimate of +0.75%.
- Italy LFL Sales: -5.4%, below the estimate of -0.7%.
- LatAm LFL Sales: +44.5%, above the estimate of +32.8%.
- Sales Including VAT: EU22.71 billion, below the estimate of EU23.23 billion.
- France Sales Including VAT: EU10.11 billion, below the estimate of EU10.44 billion.
- Comments: Company confirms FY targets.
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 multinational retail giant, appears to have a promising long-term outlook based on the Smartkarma Smart Scores. With a strong rating of 5 for Dividend, investors can expect consistent and attractive dividend payments from the company. Additionally, its solid Value score of 4 suggests that Carrefour is undervalued relative to its fundamentals, potentially offering a good investment opportunity.
While Carrefour scores well in Dividend and Value, its lower Resilience and Momentum scores may pose some challenges. A Resilience score of 2 indicates some vulnerabilities to economic downturns or industry-specific risks. Moreover, with a Momentum score of 3, Carrefour may face hurdles in maintaining a strong upward momentum in the market. Despite this, its Growth score of 4 hints at potential expansion opportunities in the future.
Summary: Carrefour SA operates chains of supermarkets, hypermarkets, discount, cash and carry, and frozen food stores across various continents, positioning itself as a significant player in the global retail industry.
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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