Carrefour reported Q2 results in line with our estimates. Lfl revenue growth was once again driven by LatAm and a sequential improvement in France. The recurring operating profit (at constant exchange rate) also grew by 4.5%. While the performance turnaround plan largely remains on track, some European countries (Italy, Spain and Belgium) still need overhauling. Expect minor changes in our financial estimates.
02 Aug 2019
No surprise in Q2
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
No surprise in Q2
Carrefour SA (CARR:WBO) | 0 0 1.4% | Mkt Cap: 15,102m
- Published:
02 Aug 2019 -
Author:
Nishant Choudhary -
Pages:
3
Carrefour reported Q2 results in line with our estimates. Lfl revenue growth was once again driven by LatAm and a sequential improvement in France. The recurring operating profit (at constant exchange rate) also grew by 4.5%. While the performance turnaround plan largely remains on track, some European countries (Italy, Spain and Belgium) still need overhauling. Expect minor changes in our financial estimates.