Company Earnings UpdateCarrefour (ENXTPA: CA) FY17 Results: Profits Fall amid Tough Conditions and €1 Billion Charge Coresight Research March 1, 2018 Executive Summary Carrefour announced a 14.7% fall in recurring operating income in FY17, yielding a decline in operating margin from 3.1% in FY16 to 2.5% in FY17. The company noted price pressures, higher costs and higher depreciation charges as pressuring its operating margin. Adjusted net income was down 25% year over year and well below expectations. Net income was hit by €1 billion in charges relating to goodwill in Italy and the DIA store network in France. 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: Analyst Corner: Three Consumer-Focused Predictions for US Retail for the Second Half of 2025, with Anand KumarHoliday 2025 Survey Insights: Shopping Peak Nears as Two-Thirds Are Buying for the HolidaysRetail’s Tariff Refunds at Risk? US Government To Appeal Universal Refund RulingAnalyst Corner: Analyzing Supply Chain Challenges and Solutions for the Apparel, Footwear and Department Store Sectors, with Aditya Kaushik
