Carrefour’s Q2 performance was better than expected. The positive lfl sales momentum in LatAm and Spain was aided by the continued success in cost savings, which is part of the Carrefour 2022 plan. E-com is also moving in the right direction. Moreover, we are optimistic about the performance of the new head of the French operations. We maintain a positive stance on the stock’s valuation.
30 Jul 2020
Sticking to the plan
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Sticking to the plan
Carrefour SA (CARR:WBO) | 0 0 1.4% | Mkt Cap: 15,102m
- Published:
30 Jul 2020 -
Author:
Nishant Choudhary -
Pages:
4
Carrefour’s Q2 performance was better than expected. The positive lfl sales momentum in LatAm and Spain was aided by the continued success in cost savings, which is part of the Carrefour 2022 plan. E-com is also moving in the right direction. Moreover, we are optimistic about the performance of the new head of the French operations. We maintain a positive stance on the stock’s valuation.