2019 has started on a positive note for Carrefour with 2.7% lfl, driven by a robust performance in Brazil (+6.6% lfl), encouraging growth in French food sales (+2.0% lfl) and a sequential improvement in Belgium ((-0.4% lfl vs -3.1% in Q4 18). The performance turnaround plan, Carrefour 2022, is also moving in the right direction. No change in the stock recommendation.
25 Apr 2019
A good start to FY19
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A good start to FY19
Carrefour SA (CARR:WBO) | 0 0 1.4% | Mkt Cap: 15,102m
- Published:
25 Apr 2019 -
Author:
Nishant Choudhary -
Pages:
3
2019 has started on a positive note for Carrefour with 2.7% lfl, driven by a robust performance in Brazil (+6.6% lfl), encouraging growth in French food sales (+2.0% lfl) and a sequential improvement in Belgium ((-0.4% lfl vs -3.1% in Q4 18). The performance turnaround plan, Carrefour 2022, is also moving in the right direction. No change in the stock recommendation.