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Carrefour (CRRFY)
:CRRFY
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.28Last Year’s EPS
0.34Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 28, 2019
|% Change Since: -12.70%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Positive
Carrefour demonstrated strong growth in Latin America, successful acquisitions, and solid cash flow generation, despite facing challenges in the European market due to adverse weather conditions and currency depreciation impacts. The company's positive performance in Latin America and strategic achievements outweigh the European challenges.Company Guidance
During the Carrefour Q2 2024 earnings call, the company provided guidance reflecting strong performance across key metrics despite challenging economic conditions. The company reported a 6.2% increase in recurring operating income, driven largely by growth in Brazil and France, while facing mixed results in other European markets due to unfavorable weather and economic factors. Carrefour achieved a notable 46% increase in return on invested capital (ROIC) in Latin America, reaching EUR 366 million, and a 45% rise in e-commerce gross merchandise value. The integration of hypermarket chain Cora and supermarket chain Match, along with substantial synergies totaling BRL 2.3 billion, bolstered Carrefour's market position and profitability. The company's free cash flow performance remained robust, generating over EUR 1.6 billion in the past 12 months, aligning with its 2026 strategic objectives. Carrefour's commitment to sustainability was highlighted with a 49% reduction in Scope 1 and 2 emissions, and the company continues to focus on renewable energy initiatives. The guidance emphasized continued investment in pricing, supported by cost-saving measures, to maintain competitiveness and market share growth.Strong Performance in Latin America
Carrefour's recovery in Latin America accelerated, boosting profitability with ROIC increasing by 46% to EUR 366 million in the first half. The Brazilian segment, particularly Atacadão, outperformed the market, and e-commerce contributed significantly with a 45% rise in gross merchandise value.
Successful Acquisition and Integration
Carrefour completed the acquisition of hypermarket chain Cora and supermarket chain Match, enhancing its commercial dynamism and creating strong synergies. They aim to raise synergy targets to BRL 3 billion by 2025.
Positive Cash Flow and Profitability
Global recurring operating income increased by 6.2%, and free cash flow generation remained strong at over EUR 1.6 billion over the last 12 months.
CSR Achievements
Carrefour's CSR index reached 107%, with significant progress in climate change goals, reducing Scope 1 and 2 emissions by 49%.
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CRRFY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CRRFY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jul 24, 2024 | $3.15 | $3.00 | -4.76% |
| Feb 20, 2024 | $3.16 | $3.28 | +3.80% |
| Jul 26, 2023 | $3.72 | $3.83 | +2.96% |
| Feb 14, 2023 | $3.32 | $3.58 | +7.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Carrefour (CRRFY) report earnings?
Carrefour (CRRFY) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Carrefour (CRRFY) earnings time?
Carrefour (CRRFY) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRRFY EPS forecast?
CRRFY EPS forecast for the fiscal quarter 2024 (Q4) is 0.28.
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