Company Earnings Update 4 minutesRegister for Free AccessCarrefour (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: Innovator Profile: RetailReady—Transforming Retail Compliance with AI and Computer VisionShaping What’s Next in Retail—Physical Retail, AI, Retail Media: Insights from NextGen 2025, a Coresight Research ConferenceMapping the US’s Reciprocal Import Tariffs: Which Nations Are Affected?Earnings Insights 4Q24, Week 7: Costco, Inditex and Puma Lead with Solid Fourth-Quarter Growth—Infographic
