Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Carrefour    CA   FR0000120172


News SummaryMost relevantAll newsSector newsTweets 

CARREFOUR : 1Q Sales Rise On Calendar Effect, Petrol Prices

share with twitter share with LinkedIn share with facebook
share via e-mail
04/12/2012 | 08:12am CET

French retail giant Carrefour SA (CA.FR) Thursday reported a 1.5% rise in first-quarter sales, as higher petrol prices and a positive calendar effect offset continued weak consumption in France and Southern Europe.

Carrefour, the world's No. 2 retailer by sales, after U.S.-based Wal-Mart Stores Inc. (WMT), said sales for the first three months of the year rose to EUR22.5 billion, from EUR22.15 billion a year earlier, on a pro-forma basis that takes into account the spinoff of the Dia discount chain last summer.

The performance is in line with analysts' expectations of EUR22.45 billion.

Carrefour's Chairman and Chief Executive Lars Olofsson, who will step down in June, said sales in the first quarter rose thanks to "continued growth in emerging markets". Sales in Southern Europe were impacted by lower non-food spending, while sales in Latin America had a "satisfying performance".

In France, the company's most important market in which it generates more than 40% of annual revenue, sales rose 0.8% to EUR9.36 billion, helped by petrol price inflation, an extra day of business in January and the leap year effect in February. Excluding fuel, sales in France in the first quarter fell 0.5% compared with the same period in 2011.

Sales in Brazil, at a constant foreign exchange rate and excluding petrol sales, rose 8.2% to EUR3.17 billion. Sales in China were down 1.5% at a constant foreign exchange rate at EUR1.66 billion.

After issuing several profit warnings last year, the company has given no guidance for earnings in 2012, saying only that it plans "minimum cost savings of EUR400 million" and tight control of capital expenditure.

Olofsson will hand over to Georges Plassat--the company's third boss in four years--who will shoulder the responsibility of turning around the struggling retail giant.

-By Nadya Masidlover and Inti Landauro, Dow Jones Newswires; +33 1 4017 1740; nadya.masidlover@dowjones.com

Order free Annual Report for Carrefour SA

Visit http://djnweurope.ar.wilink.com/?ticker=FR0000120172 or call +44 (0)208 391 6028

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on CARREFOUR
01/16CARREFOUR SA : annual sales release
01/15 CARREFOUR : Hypermarkets to extend business hours for year-end shoppers
01/11 CARREFOUR : Peninsula Participacoes Acquires 2.98% Stake in Carrefour
01/10 CARREFOUR : AED 300 million project in Abu Dhabi – “My City Centre M..
01/09 CARREFOUR : launched a new SIGUREC intelligent waste disposal stations in Taiwan
01/03 CARREFOUR : Express opens its 70th store in Brazil!
01/02 CARREFOUR : Majid Al Futtaim to open distribution centre in Dubai amid expansion
01/01 CARREFOUR : Egypt Celebrates 14th Anniversay and the Crowded Stores Look Apocaly..
01/01 CARREFOUR : The Big Bazaar
2016 CARREFOUR : supports Food & Globe, the adventure of three students on an eight-m..
More news
Sector news : Supermarkets & Convenience Stores
11:45aDJWAL MART STORES : Mart to Create 10,000 U.S. Jobs in Nod to Trump
08:51aDJCASINO GUICHARD : Says Profit Surpassed Target for 2016 After Strong 4Q
01/14DJWAL MART STORES : Mart Integrates In-Store, Web Posts -- WSJ
01/13DJWAL MART STORES : Mart Shuffles Executive Ranks, Blending Web and Store Duties -..
01/13DJFAST RETAILING : At Uniqlo Parent, Profit Rises 45% -- WSJ
More sector news : Supermarkets & Convenience Stores
News from SeekingAlpha
2016 Fresh Ideas For Making Money In China
2016 Carrefour S.A. ADR reports 1H'16 results
2016 Plug secures new GenDrive fuel cell customer
2016 EUROPEAN MAGIC FORMULA STOCK : Carrefour Is A Buy For Both Dividend And Value In..
2016 SONAE : Attractive Valuation But Be Patient
Financials (€)
Sales 2016 76 627 M
EBIT 2016 2 426 M
Net income 2016 1 100 M
Debt 2016 4 863 M
Yield 2016 3,29%
P/E ratio 2016 15,39
P/E ratio 2017 12,67
EV / Sales 2016 0,29x
EV / Sales 2017 0,27x
Capitalization 17 098 M
More Financials
Duration : Period :
Carrefour Technical Analysis Chart | CA | FR0000120172 | 4-Traders
Full-screen chart
Technical analysis trends CARREFOUR
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 27,3 €
Spread / Average Target 21%
Consensus details
EPS Revisions
More Estimates Revisions
Georges Plassat Chairman & Chief Executive Officer
Pierre-Jean Jérome Sivignon Chief Financial Officer & Deputy CEO
Nicolas Bazire Non-Independent Director
Jean-Laurent Bonnafé Independent Director
Thierry Breton Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CARREFOUR-1.59%18 216
WAL-MART STORES, INC.-2.88%206 303
More Results