CA.PA - Carrefour SA

Paris - Paris Delayed price. Currency in EUR
+0.18 (+1.05%)
At close: 05:36PM CEST
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Previous close17.14
BidN/A x N/A
AskN/A x N/A
Day's range17.15 - 17.43
52-week range13.85 - 19.83
Avg. volume2,037,714
Market cap12.651B
Beta (5Y monthly)0.55
PE ratio (TTM)9.41
EPS (TTM)1.84
Earnings date26 Jul 2023
Forward dividend & yield0.56 (3.27%)
Ex-dividend date06 Jun 2023
1y target est20.20
  • Reuters

    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 Brazilian arm of French retailer Carrefour SA said that net sales rose 29.4% to reach 24.39 billion reais in the first quarter, while its wholesale units posted 19% sales growth year-on-year. Carrefour's Brazilian unit said operating expenses soared 52% from a year earlier to total 3.8 billion reais, fueled by store conversion and the integration of BIG.

  • Reuters

    Retailer Carrefour confident as Q1 sales growth accelerates

    PARIS (Reuters) -Carrefour, Europe's largest food retailer, said on Tuesday it was confident of more profit and cash flow growth this year despite high inflation, after sales growth accelerated in the first quarter. Sales reached 22.071 billion euros ($24.24 billion), marking like-for-like growth of 12.3% and an acceleration from 10.9% sales growth in the fourth quarter of 2022. This was driven by a solid performance in France, where Carrefour hypermarkets' low-cost offering attracted buyers grappling with the cost of living.

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  • Reuters

    Oxbotica, Goggo team up for autonomous middle-mile delivery

    British self-driving software startup Oxbotica and autonomous delivery company Goggo Network said on Wednesday they are teaming up to test middle-mile deliveries for retailers and other customers including Carrefour and Dia. The partnership will initially see Berlin-based Goggo deploying Oxbotica's autonomy software in Spain in middle-mile delivery operations for partners like Spanish pizza chain Telepizza. If successful, the service will be rolled out to other parts of Goggo's network in Europe.

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  • Zacks

    Carrefour SA (CRRFY) Upgraded to Buy: Here's Why

    Carrefour SA (CRRFY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

  • Reuters

    Carrefour predicts more profit growth this year despite high inflation

    PARIS (Reuters) -Europe's largest food retailer Carrefour is confident on its 2023 outlook after reporting record free cash flow of 1.26 billion euros ($1.35 billion) and another rise in full-year operating profit despite high inflation. Carrefour predicted further growth this year across its main three indicators - earnings before interest, taxes, depreciation and amortisation (EBITDA), recurring operating income and net free cash flow. Chairman and CEO Alexandre Bompard told analysts that Carrefour expected cash-strapped shoppers to continue trading down amid high inflation in the first half of the year.

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  • Reuters

    Carrefour Brasil profit slumps nearly 60% on high interest rates

    SAO PAULO (Reuters) -Carrefour Brasil on Wednesday posted a third-quarter adjusted net profit that slumped 59% from a year earlier, hit by high interest rates on the retailer's surging debt following its acquisition of Grupo BIG.The Brazilian arm of French supermarket giant Carrefour posted a quarterly profit of 256 million reais ($49.5 million) compared to 621 million reais in the same period last year. The company pointed to high interest rates on its debt, as well as costs it incurred from its acquisition of Grupo BIG, one of Brazil's biggest food retailers, which it agreed to buy last year for a 7.5 billion reais price tag. Carrefour's net debt almost doubled from a year earlier to reach close to 19 billion reais, largely due to the acquisition, while its operating costs grew 56% to 3.57 billion reais.

  • Reuters

    Europe's retailers strive to keep prices low to win struggling shoppers

    Some European retailers this week forecast or reported better full-year sales after working to keep prices low to attract cash-strapped shoppers although others, including Marks & Spencer and Adidas warned on profit. Many consumers have turned to cheaper private-label products, boosting sales for retailers like Dutch grocer Ahold Delhaize and Primark owner Associated British Foods, as they face a prolonged cost-of-living crisis. On Wednesday, Ahold raised its annual outlook for the third time this year, expecting low-double-digit earnings per share growth versus a prior mid-single-digit guidance.

  • Reuters

    Factbox-Carrefour's plan to accelerate its turnaround

    Carrefour unveiled plans on Tuesday to step up expansion in e-commerce, open more discount stores and cut costs as part of Chairman and CEO Alexandre Bompard's new strategy to accelerate the turnaround at Europe's largest food retailer amid soaring inflation. Carrefour is targeting annual capital spending of 2.0 billion euros ($2 billion), up from 1.7 billion euros previously, and net free cash flow above 1.7 billion euros by 2026. Carrefour will continue to pay a cash dividend and increase it by at least 5% a year while continuing a share buyback policy started in 2021 and seize medium-sized acquisition opportunities.

  • Reuters

    Carrefour plans investments and savings to tackle inflation

    PARIS (Reuters) -Carrefour will step up its expansion in e-commerce, open more discount stores and cut costs as part of boss Alexandre Bompard's new strategy to accelerate the turnaround at Europe's largest food retailer amid soaring inflation. "Carrefour 2026 is a plan of acceleration and conquest," Chairman and CEO Alexandre Bompard said at the company's investor day. The plan will alow Carrefour to "improve its operating margin and maintain sustained growth in recurring operating income", he added.

  • Business Wire

    Carrefour and Publicis Join Forces to Create a Leader in the European and Latin American Retail Media Market

    PARIS & MASSY, France, November 08, 2022--Carrefour and Publicis join forces to create a leader in the European and Latin American retail media market

  • Reuters

    Carrefour management increases offer in wage talks with unions

    PARIS (Reuters) -France's biggest retailer Carrefour has increased its offer in the third round of wage talks with unions, suggesting a 2.5% pay hike from November this year, a company spokesperson said on Thursday. The offer would mean an overall 8.3% wage increase when compared to August 2021. Some unions had threatened to call a strike late this week, saying the supermarket chain's previous offer of 2% was insufficient as workers struggle with soaring inflation.

  • Reuters

    Carrefour unveils 30 euro shopping basket in Spain after government price cut proposal

    Supermarket chain Carrefour will sell Spanish consumers a basket of 30 basic goods for 30 euros, the company said on Wednesday, days after Spain announced it was considering asking big retailers to offer special price packages to mitigate inflation. The government's announcement was met with criticism by Spanish business groups and some politicians who view the move as the government engaging in price intervention. Labour Minister Yolanda Diaz, who announced she was seeking agreements with supermarkets on Monday, has denied these criticisms, saying it will help impoverished families continue to eat healthily.

  • Reuters

    Inflation crisis forces new frugality on French consumers

    PARIS (Reuters) -Cost-conscious French consumers are ditching fish, buying cheaper meat and snubbing organic food to save money on their shopping, the head of Europe's largest food retailer and shoppers said on Tuesday. Carrefour Chief Executive Alexandre Bompard said economists' debates about when inflation would peak were futile, and what mattered was consumers' new, entrenched penny-pinching approach to shopping. "This phenomenon is here and it's deep and it's been gaining momentum in recent weeks," he told a round table at the Medef French employers federation annual post-summer conference.

  • Reuters

    French retailer Carrefour to freeze prices on 100 products to tackle inflation

    PARIS (Reuters) -French supermarket retailer Carrefour is freezing prices on 100 everyday products from tinned sardines to rice and washing up liquid, it said on Monday, joining other companies striving to help consumers cope with soaring inflation. The moves follow pressure from President Emmanuel Macron's government for business to do more to curb rising prices. Facing the prospect of a supertax on their record profits, French oil major TotalEnergies and shipping giant CMA CGM took further steps in July to cut prices.

  • Bloomberg

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    Carrefour Kenya to Close Stores Early Ahead of Election Results

    (Bloomberg) -- Carrefour SA will close its stores in Kenya at 5 p.m. local time as the nation awaits the announcement of the winner of Aug. 9 presidential elections.Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War Onset‘Next Generation’ Moderna Coronavirus Booster Jab Approved for Use in AdultsWells Fargo Plans Major Retreat From Mortgage Business It Long DominatedSingapore’s Next Premier Wong Warns US, China May ‘Sleepwalk Into Conflict’These Six Cities Are Emerging

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    (Bloomberg) -- Germany’s presidential palace in Berlin is no longer lit at night, the city of Hanover is turning off warm water in the showers of its pools and gyms, and municipalities across the country are preparing heating havens to keep people safe from the cold. And that’s just the beginning of a crisis that will ripple across Europe.Most Read from BloombergThis Is How China Could Hit Back Over Pelosi’s Taiwan VisitYou Won’t Like What Comes After InflationPelosi Is Expected to Visit Taiwan,

  • Reuters

    Carrefour raises 2022 savings goal, confident on second half

    PARIS (Reuters) -Europe's largest food retailer Carrefour said on Wednesday it was confident about the second half of the year after reporting higher first-half operating profit and raising its 2022 cost-savings target amid accelerating inflation. Carrefour said cash generation would remain above one billion euros in 2022, as it now aims for savings of one billion euros this year against 900 million euros previously, having achieved 480 million euros in the first half.

  • Reuters

    Dutch retailer SPAR to enter Israeli market amid soaring living costs

    Israeli businessman Amit Zeev said he has signed a preliminary deal to bring Dutch food retail chain SPAR to Israel, a move that would create more competition and potentially lower food costs that have soared in recent months. Zeev was most recently chief executive of Yeinot Bitan, one of Israel's largest supermarket chains. Later this year, French retailer Carrefour is expected to enter the Israeli market.