- Carrefour’s second quarter like-for-like sales, excluding fuel and calendar effects, grew by 4.4%, surpassing the estimated growth of 2.68%.
- In France, similar sales showed a 2.1% increase, beating the expected growth of 0.32%.
- French hypermarkets sales increased by 0.6%, outperforming the projected decline of 0.63%.
- Sales in French supermarkets rose by 0.7%, exceeding the estimate of a 0.05% decline.
- French convenience and other format stores experienced a significant growth of 7.6%, above the projected 3.5% increase.
- In Belgium, like-for-like sales grew by 1.9%, surpassing expectations of 1.13% growth.
- Spanish sales rose by 2.9%, exceeding the anticipated increase of 2.13%.
- Carrefour’s Italian operations saw sales grow by 1.6%, defying expectations of a 0.5% decline.
- In Latin America, sales surged by 9.7%, outperforming the estimated 7.29% increase.
- Total sales, including VAT, reached €23.89 billion, exceeding the forecast of €23.3 billion.
- Sales in France, including VAT, amounted to €11.54 billion, above the forecast of €11.06 billion.
- First-half recurring operating income was €681 million, down 8.3% year-over-year, but still above the estimate of €676 million.
- The recurring operating margin decreased to 1.6%, compared to 1.8% the previous year, but slightly higher than the estimated 1.56%.
- Net sales for the first half were €41.76 billion, marking a year-over-year increase of 2.8%, but below the estimated €42.52 billion.
- The adjusted net income decreased by 33% year-over-year to €210 million, although it exceeded the estimate of €200.8 million.
- Capital expenditure was €575 million, a reduction of 13% year-over-year, and significantly below the forecast of €907.3 million.
- The negative net free cash flow was €2.09 billion, a 23% year-on-year increase, and slightly more than the forecasted negative €2.06 billion.
- Carrefour confirmed its full-year 2025 financial targets and announced the sale of its operations in Italy to NewPrinces Group.
- The sale is expected to impact group treasury by €240 million and could be completed before the end of the fiscal year 2025.
A look at Carrefour SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| 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 retail giant operating across continents, portrays a promising long-term outlook according to Smartkarma’s assessment tool. With a high score in dividends and a solid rating in value, Carrefour SA appears to be a favorable option for investors seeking stable returns and potential income generation. Despite a slightly lower score in growth, the company’s established presence in the supermarket industry indicates a level of maturity that can provide consistent performance over time. Additionally, the moderate momentum and resilience scores suggest a balance between maintaining stability and seeking opportunities for advancement.
Overall, Carrefour SA‘s Smart Scores paint a picture of a company with strengths in dividend payouts and perceived value, coupled with areas for potential improvement in growth and resilience. As a prominent player in the supermarket sector across Europe, the Americas, and Asia, Carrefour SA‘s diversified operations position it well for long-term sustainability and profitability, making it a noteworthy candidate for investors looking for a mix of income and growth opportunities.
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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