Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

CARREFOUR (CA)

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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
0
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
0
Latest news on CARREFOUR
02/18 CARREFOUR : Construction work starts on new $39m Oman shopping mall
02/14 CARREFOUR : OMR15.2 million new mall to open in Sur next year
02/13 CARREFOUR : OMR 15.2 million new mall to open in Sur next year
02/13 CARREFOUR : Social entrepreneurship, Ticket for Change issues a call for project..
02/13 CARREFOUR : Majid Al Futtaim begins construction of new My City Centre Sur Oman
02/09 NEW CARREFOUR QUALITY LINE : Eggs
02/08 CARREFOUR : announces the extension and the upgrading of its commercial center i..
02/06 CARREFOUR : serves ‘Healthy Kitchen’ at Mall of the Emirates
02/01 CARREFOUR : Majid Al Futtaim EBITDA tops $1.1bn
01/31 CARREFOUR : City Centre Al Shindagha marks first anniversary with family enterta..
More news
Sector news : Supermarkets & Convenience Stores
02/20DJWAL MART STORES : Mart's Same-Store Sales Seen Rising -- Earnings Preview
02/20DJTESCO : Investec Bank plc Form 8.5 (EPT/RI) - Tesco Plc
02/20DJSun Art Retail in Initial Talks With Suning for Potential Cooperation
02/19DJWAL MART STORES : Mart's Big Box of Trouble -- Ahead of the Tape
02/18 With stocks at highs, investors eye consumer results
More sector news : Supermarkets & Convenience Stores
News from SeekingAlpha
01/20 Carrefour reportedly eyeing Best Buy CEO
2016 Fresh Ideas For Making Money In China
2016 Carrefour S.A. ADR reports 1H'16 results
2016 Plug secures new GenDrive fuel cell customer
2016 EUROPEAN MAGIC FORMULA STOCK : Carrefour Is A Buy For Both Dividend And Value In..
Advertisement
Financials (€)
Sales 2016 76 569 M
EBIT 2016 2 376 M
Net income 2016 1 014 M
Debt 2016 4 795 M
Yield 2016 3,24%
P/E ratio 2016 15,99
P/E ratio 2017 13,16
EV / Sales 2016 0,29x
EV / Sales 2017 0,27x
Capitalization 17 091 M
More Financials
Chart CARREFOUR
Duration : Period :
Carrefour Technical Analysis Chart | CA | FR0000120172 | 4-Traders
Full-screen chart
Technical analysis trends CARREFOUR
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 26,7 €
Spread / Average Target 18%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Georges Plassat Chairman & Chief Executive Officer
Pierre-Jean Jérome Sivignon Chief Financial Officer & Deputy CEO
Nicolas Bazire Non-Independent Director
Jean-Laurent Bonnafé Independent Director
Thierry Breton Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CARREFOUR-1.27%18 138
WAL-MART STORES INC0.36%213 187
ALIMENTATION COUCHE TA..0.47%27 072
DAIRY FARM INTERNATION..18.08%11 442
WHOLE FOODS MARKET, IN..0.49%9 845
CENCOSUD SA--.--%8 714
More Results