- LFL sales excluding fuel, excluding calendar effect saw a surge of +13.5%, surpassing the estimate of +6.46%.
- Despite an estimated increase of +1.37%, France LFL sales excluding fuel and calendar effect decreased by -0.4%.
- France hypermarkets LFL Sales ex-fuel, ex-calendar demonstrated a decline of -1.3%, contrary to the anticipated increase of +1%.
- France supermarkets LFL sales ex-fuel, ex-calendar increased slightly by +0.1%, falling short of the +1.39% estimate.
- A modest increase in France convenience/other formats LFL sales ex-fuel, ex-calendar was witnessed. The growth rate was +0.8%, lagging behind the estimated +3.24%.
- Belgium LFL Sales ex-fuel, ex-calendar witnessed a decrease of -0.2%, opposed to the estimate surge of +3.33%.
- In Spain, LFL sales ex-fuel, ex-calendar showcased a growth of +0.7%, falling slightly short of the +1.3% estimate.
- Italy LFL sales ex-fuel, ex-calendar declined by -1.4%, contrary to the growth estimate of +1.43%.
- LatAm LFL Sales ex-fuel, ex-calendar saw an unexpected and remarkable surge of +48%, significantly outpacing the estimated increase of +17.1%.
- Entire sales, including VAT, amounted to EU22.16 billion, slightly less than the estimate of EU22.89 billion.
- France’s sales, counting VAT, totalled EU10.00 billion, not reaching the aim of EU10.36 billion.
- Carrefour confirmed FY growth in EBITDA and Recurring Operating Income; Net Free Cash Flow aligned with the Carrefour 2026 plan trajectory.
- Fuelled by the strategic initiatives of the Carrefour 2026 plan and amplified cost-savings plan that increased to €1.2 billion in 2024 from €1.0 billion, price investments in France and the rest of Europe intensified.
- Price reductions are expected to accelerate throughout 2024 in France and the rest of Europe.
A look at Carrefour SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
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 global retail giant known for its chains of supermarkets, hypermarkets, and discount stores across multiple continents, has received a favorable overall outlook as per Smartkarma Smart Scores. With strong scores in Value, Dividend, and Growth factors, Carrefour SA demonstrates promising long-term potential in the market. The company’s focus on delivering value to investors, consistent dividend payments, and a strategy for sustainable growth positions it well for future success.
While Carrefour SA boasts solid scores in several key areas, such as Value, Dividend, and Growth, its Resilience and Momentum scores are comparatively lower. Despite this, the company’s established presence in the global retail sector and diversified store formats provide a level of stability. By leveraging its strengths and addressing areas for improvement, Carrefour SA can navigate challenges and capitalize on opportunities for sustained growth in the years ahead.
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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