Carrefour SA banner

Carrefour SA
XBER:CAR

Watchlist Manager
Carrefour SA Logo
Carrefour SA
XBER:CAR
Watchlist
Price: 14.11 EUR
Market Cap: €10.1B

Carrefour SA
Investor Relations

Carrefour SA is one of the world’s best-known food retailers. It runs hypermarkets, supermarkets, convenience stores, and online grocery services that sell everyday items such as fresh food, packaged groceries, household goods, and basic consumer products. Its main customers are ordinary shoppers and families who want a place to buy most of their daily needs in one trip. The company makes money mainly by buying products from manufacturers and farmers, then selling them to shoppers at a markup. It also earns income from private-label brands, e-commerce services, and fees tied to retail operations in some markets. Carrefour’s business is built around high-volume, repeat purchases, so it depends on steady foot traffic, frequent shopping, and strong supplier relationships. What makes Carrefour’s role different is that it sits very close to the end consumer while also acting as a major buyer for food producers and consumer goods makers. It helps move goods from suppliers to households, both in physical stores and through online ordering and delivery. That makes it a key link in the grocery supply chain rather than a manufacturer of the products it sells.

Show more
Loading...
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q2 2024
Call Date
Jul 24, 2024
AI Summary
Q2 2024

Solid Profit Growth: Recurring operating income for the first half rose 6.2%, driven by strong results in Brazil and France despite mixed European performance.

Brazil Performance: Brazilian operations delivered robust growth and profitability, supported by economic improvement, successful store conversions, and synergies from the Grupo BIG acquisition.

Cost Savings: Carrefour achieved EUR 580 million in cost savings in H1, on track for EUR 1.2 billion for the year.

Synergy Targets Raised: Synergies from the Grupo BIG integration in Brazil reached BRL 2.3 billion, ahead of schedule; target raised to BRL 3 billion by 2025.

Market Share Stabilization: In France, pricing investments returned competitiveness, stabilizing or improving market share in volume terms.

Free Cash Flow On Track: Net free cash flow over the last 12 months totaled EUR 1.6 billion, keeping the group on pace for its EUR 1.7 billion 2026 goal.

Guidance Confirmed: Management confirmed full year targets for EBITDA, recurring operating income, and free cash flow in line with the Carrefour 2026 plan.

Retail Media & Digital: Unlimitail, Carrefour’s retail media platform, expanded rapidly, now serving 160 million customers across 13 countries, but remains in an investment phase.

Key Financials
Total Sales (Q2)
EUR 22.7 billion
Group Like-for-like Sales
Up 10.8%
Reported Revenue (Q2)
Down 2.9%
Recurring Operating Income (Group, H1)
EUR 743 million
Recurring Operating Income (France, H1)
EUR 286 million
Recurring Operating Income (Europe ex-France, H1)
EUR 84 million
Operating Margin (Group, H1)
1.8%
Operating Margin (France, H1)
1.6%
Gross Margin (Group, H1)
19.4%
Distribution Costs (as % of sales)
15.1%
Net Free Cash Flow (H1)
-EUR 1.7 billion
Net Free Cash Flow (Last 12 Months)
EUR 1.6 billion
Cost Savings (H1)
EUR 580 million
Synergies from Grupo BIG (as of June 2024)
BRL 2.3 billion
E-commerce GMV (Brazil, Q2)
Up 41.3%
E-commerce GMV (Group, H1)
Up 30%
E-commerce GMV (Brazil, H1)
Up 45%
Atacadão Converted Store LFL Growth (Brazil, Q2)
21.4%
Sam's Club Members (Brazil)
Up 25% (active members)
Recurring Operating Income (Argentina, H1)
EUR 51 million
Recurring Operating Income (Brazil, H1)
EUR 366 million
Scope 1 and 2 Emissions Reduction
49%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Alexandre Bompard
Chairman & CEO
No Bio Available
Mr. Matthieu Malige
Chief Financial Officer
No Bio Available
Mr. Anthony Guglielmo
Investor Relations Director
No Bio Available
Mr. Charles Hufnagel
Executive Director of Communication for Group & France
No Bio Available
Ms. Caroline Dassie
Executive Director of Marketing & Customers for Group and France
No Bio Available
Mr. Jérôme Nanty
Executive Director of Human Resources & Assets for the Group & France
No Bio Available
Mr. Juan Cubillo
Head of Food Marketing
No Bio Available
Mr. Laurent Vallee
General Secretary & Executive Director of Northern Europe
No Bio Available
Mr. Pierre-Jean Jerome Sivignon
Advisor to The CEO
No Bio Available

Contacts

Address
ILE-DE-FRANCE
Massy
93 Avenue de Paris
Contacts
+33164505000.0
www.carrefour.com
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett