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Carrefour Reports Solid 2024 Financial Performance Amid Strategic Transformation

Story Highlights
  • Carrefour’s 2024 sales increased by 9.9% on a comparable basis.
  • The company strengthened its market position and launched strategic initiatives amid inflation challenges.
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Carrefour Reports Solid 2024 Financial Performance Amid Strategic Transformation

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An announcement from Carrefour ( (FR:CA) ) is now available.

In 2024, Carrefour reported a solid financial performance, with a 9.9% increase in sales on a comparable basis, an 18% rise in e-commerce GMV, and a 1.4% growth in Current Operating Income (COI) excluding currency effects. The company has strengthened its market position in France and Latin America, achieved significant cost savings, and continued its strategic transformation despite inflationary challenges. Carrefour is executing its Carrefour 2026 strategic plan, enhancing its competitiveness and profitability while launching a review of its asset portfolio, including a buyout offer for minority shareholders of Carrefour Brazil. The company increased its ordinary dividend by 6% and issued an exceptional dividend, reflecting confidence in its ongoing strategic initiatives.

More about Carrefour

Carrefour is a major player in the retail industry, focusing on the sale of a wide range of consumer goods, including groceries and household products. The company operates in various countries, with a strong presence in Europe and Latin America, and is actively expanding its e-commerce and franchising efforts.

YTD Price Performance: 0.50%

Average Trading Volume: 645,253

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €9.22B

See more data about CA stock on TipRanks’ Stock Analysis page.

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