Carrefour’s Q3 performance was ahead of our and the market expectations. Group’s lfl sales grew 11.3% yoy, with positive momentum in all operating countries. According to the management: 1) Carrefour is on track to achieve the FY22 EBIT consensus, and 2) the net FCF target of 2022 will be comfortably above €1bn (vs previous guidance of at least €1bn). The CEO will unveil the new strategy on 8 November 2022, which will be a key stock price trigger. We maintain a positive stance on the stock’s val ....
27 Oct 2022
An all-round show in Q3!
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An all-round show in Q3!
- Published:
27 Oct 2022 -
Author:
Nishant Choudhary -
Pages:
4
Carrefour’s Q3 performance was ahead of our and the market expectations. Group’s lfl sales grew 11.3% yoy, with positive momentum in all operating countries. According to the management: 1) Carrefour is on track to achieve the FY22 EBIT consensus, and 2) the net FCF target of 2022 will be comfortably above €1bn (vs previous guidance of at least €1bn). The CEO will unveil the new strategy on 8 November 2022, which will be a key stock price trigger. We maintain a positive stance on the stock’s val ....