Carrefour Stock News

French supermarket retailer Carrefour said on Monday it is reviewing how its staff are treated at its Saudi Arabia franchise Majid Al Futtaim, after Amnesty International raised concerns over how staff were treated in the country.

Carrefour's turnaround strategy under CEO Alexandre Bompard shows promise with increased store count, cost savings, and improved free cash flow leading to higher shareholder returns. Despite strong performance in Latin America, European sales and operating income are under pressure, requiring price investments and cost measures to maintain market share. The company offers a high dividend yield ...

Press release – Neuilly-sur-Seine, October 16, 2024 – 5.45 pm ARGAN and CARREFOUR bring a former industrial brownfield back to life in Caen with the biggest Aut0nom®logistics site in France After 15 months of works, the CARREFOUR SUPPLY CHAIN teams just took possession of their new Aut0nom® logistics platform in a size of 82,000 sq.m, in Mondeville. This project, which was together led by ARGAN...

Carrefour SA has continued to see strong earnings growth in spite of sales pressure across the French market. Store growth across France continues to expand. I take a bullish view of Carrefour SA.

Buy rating for CRRFY due to cheap valuation, positive profit performance in France, strong Brazil performance, and stable overall P&L trends. The area to monitor is that the rest of Europe is still struggling. CRRFY trading at attractive levels and is offering ~6% dividend yield.

Carrefour on Wednesday upheld its end-year profit and cashflow targets, saying it looked to the second half of the year with confidence as its French and Brazilian markets drove profit growth in the first six months of 2024.

Carrefour said on Monday it had entered into a partnership with French renewable energy company GreenYellow for the installation and operation of solar panels in the car parks of around 350 of its hypermarkets and supermarkets in France.

Shares of French supermarket giant Carrefour CA, -7.57% slumped on Tuesday after a report the French government wanted to levy a 200 million euro fine. The publication La Lettre said the finance ministry was recommending a fine over management of its franchise network.