The strong Q3 performance was led by the improved value proposition and strong market trends in France and Brazil. Key highlights were a flattish lfl performance of French hypermarkets (after a few quarters in the red), over 30% growth in food e-commerce and a continued progress in the ‘Carrefour 2022’ turnaround plan. We maintain the current recommendation on the stock.
30 Nov 2018
Moving in the right direction
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Moving in the right direction
Carrefour SA (CARR:WBO) | 0 0 1.4% | Mkt Cap: 15,102m
- Published:
30 Nov 2018 -
Author:
Nishant Choudhary -
Pages:
3
The strong Q3 performance was led by the improved value proposition and strong market trends in France and Brazil. Key highlights were a flattish lfl performance of French hypermarkets (after a few quarters in the red), over 30% growth in food e-commerce and a continued progress in the ‘Carrefour 2022’ turnaround plan. We maintain the current recommendation on the stock.