Company Earnings Update 2 minutesRegister for Free Access

Carrefour (ENXTPA: CA) 1H18 Results: Sales Disappoint, but Company Makes “Significant Advances” in Carrefour 2022 Plan

Executive Summary

  • Carrefour reported a 3.0% year-over-year decline in revenues in 1H18, disappointing analysts, who had been expecting a small increase in sales. However, adjusted operating income came in slightly ahead of the consensus estimate.
  • Group comparable sales were up 0.7% in 1H18, with French comps broadly flat year over year.
  • For FY18, analysts expect Carrefour’s revenues to fall by 0.3%, to €78.7 billion, and for its EBIT to decline by 7.3%, yielding an EBIT margin of 2.4%.

Please Login to read the full report. Not a member? Register for a free user account.