Company Earnings UpdateCarrefour (ENXTPA: CA) 1H17 Results: Profits Fall, Warns of Impact on Full-Year Results and Lowers Sales Outlook Coresight Research September 1, 2017 Executive Summary Carrefour reported 1H17 net sales up by 6.2%, or a 3.2% increase at constant currency. The gross margin diminished by 34 basis points, SG&A expenses as a percentage of sales fell by 5 bps and the operating margin decreased by 32 bps. Carrefour warned that the full-year results will be impacted by its performance in 1H17. For FY17, the company aims to grow total sales by 2%–4%, expects capex to be between €2.2 billion and €2.3 billion, and looks to maintain free cash flow at the same level as 2016. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Retail Crime and Shrink: More Shoppers Say No to Locked-Up Merchandise; Self-Checkout Gets a MakeoverUS Forecast To See Multibillion-Dollar Hit from Falling International Visitor Spend: Another Retail HeadwindFive Ways Brands and Retailers Can Use AI/ML and Shared Data to Energize End-to-End Product ManagementUS Consumer Sentiment Amid the Middle East Energy Shock
