Carrefour ( (CRRFY) ) has released its Q4 earnings. Here is a breakdown of the information Carrefour presented to its investors.
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Carrefour is a prominent global retail company, specializing in hypermarkets, supermarkets, and convenience stores across various regions including Europe and Latin America. Known for its extensive product offerings and strong market presence, Carrefour continues to adapt to evolving market conditions.
In its 2024 earnings report, Carrefour announced a solid financial performance, with significant growth in sales and strategic developments. The company reported a recurring operating income of €2,213 million, reflecting a 1.4% increase when excluding currency effects, and net free cash flow of €1,457 million, aligning with its long-term financial targets.
Key highlights from the report include a 9.9% increase in like-for-like sales, bolstered by an 18% growth in e-commerce GMV. The company also achieved €1,240 million in cost savings, enabling strategic investments in pricing and competitiveness. Carrefour’s operations in France and Latin America showed strong performance, with notable improvements in market share and operating margins. Additionally, Carrefour announced a 6% increase in its ordinary dividend and a special dividend of €150 million.
Looking ahead, Carrefour remains focused on its Carrefour 2026 strategic plan, aiming to expand its private label offerings and enhance e-commerce growth. The company has initiated a strategic review of its business portfolio, including acquiring full ownership of Carrefour Brazil to strengthen its market position. As the retail landscape continues to transform, Carrefour is poised to advance its market share and operational efficiencies.
In conclusion, Carrefour’s management expresses confidence in sustaining growth through continued investments and strategic initiatives, positioning the company favorably for the coming years amidst a dynamic market environment.
