|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||16.42 - 16.77|
|52-week range||12.10 - 18.10|
|Beta (5Y monthly)||0.47|
|PE ratio (TTM)||20.83|
|Earnings date||29 Jul 2021|
|Forward dividend & yield||0.48 (2.99%)|
|Ex-dividend date||26 May 2021|
|1y target est||18.54|
PARIS (Reuters) -Europe's largest food retailer, Carrefour, said it would buy back up to 500 million euros ($601 million) of its shares this year, reflecting confidence in the success of its turnaround plan following a strong first quarter. Carrefour, which last month agreed to buy Brazil's third-biggest food retailer Grupo BIG for about $1.3 billion, also maintained its financial and operational targets under its 'Carrefour 2022' strategic plan. "Our confidence in the success of our transformation plan, as well as in our ability to generate high cash flow, is further strengthened," Chairman and Chief Executive Alexandre Bompard said in a statement.
PARIS (Reuters) -Carrefour plans to buy back shares for the first time in a decade, showing confidence in its turnaround plan after a strong first quarter and sending shares in Europe's biggest food retailer around 4% higher on Wednesday. The French group, whose potential takeover by Canada's Couche-Tard unravelled earlier this year following opposition from Paris, said it would buy back up to 500 million euros ($601 million) of shares this year. "Our share buyback programme is yet another sign of our confidence in the future and our ability to generate cash, a confidence renewed by our very good commercial performance in France," Chairman and Chief Executive Alexandre Bompard told analysts, as the company kept all its financial and operational targets under its 'Carrefour 2022' strategic plan.
Europe's largest retailer Carrefour and Deliveroo said on Tuesday they were expanding to France their partnership to bring on-demand groceries in less than 30 minutes their customers' homes. The service is already available in Belgium, Italy and Spain, Carrefour said in a statement. Last year, Carrefour struck a deal with Uber Eats for a home delivery partnership in France and in Belgium, also offering 30-minute home delivery.