CA.PA - Carrefour SA
| Previous Close | 15.39 |
| Open | 15.34 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's Range | 15.32 - 15.48 |
| 52 Week Range | 14.25 - 18.17 |
| Volume | 313,282 |
| Avg. Volume | 2,512,006 |
| Market Cap | 12.314B |
| Beta (3Y Monthly) | 0.71 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.21 |
| Earnings Date | Jul 24, 2019 - Jul 29, 2019 |
| Forward Dividend & Yield | 0.46 (2.94%) |
| Ex-Dividend Date | 2019-06-20 |
| 1y Target Est | 18.54 |
- Reuters
UPDATE 1-Major fashion companies to make G7 pledge to help environment
Major fashion companies from around the world said on Friday they had signed a pact which they would present at this week's G7 summit to help protect the environment. The Karl Lagerfeld brand associated with LVMH's Fendi label is also involved, although the LVMH parent company itself is not part of the pact. Protecting the environment will be a leading issue at the G7, with French President Emmanuel Macron and United Nations Secretary General Antonio Guterres having expressed concern this week over wildfires raging through the Amazon.
- Reuters
UPDATE 1-Carrefour's Brazil unit investigated for corruption -filing
The Brazilian unit of retailer Carrefour SA said on Thursday it is the target of a corruption probe into alleged payments related to the headquarters of its Brazilian brand Atacadao and a Sao Paulo store, which were operating without a license. In a securities filing, the Brazil unit of the French retailer said it was being investigated by "relevant authorities" and that it will cooperate as well as conduct its own internal probe. Shares of Carrefour Brasil were down 1.3% in morning trade in Sao Paulo.
- Reuters
Carrefour Brazilian unit says being investigated for corruption - filing
The Brazilian unit of French retailer Carrefour SA disclosed earlier on Thursday in a securities filing a corruption investigation into its operations. In the filing, Carrefour Brasil mentioned media reports "of possible involvement of employees of the company in the payment of undue benefits to certain authorities" related to the operation of a store in Sao Paulo and its headquarters "without operating license". The company confirmed investigations on the matter by "relevant authorities" and said it will collaborate and conduct an internal probe.
- Bloomberg
Glovo Said to Have Held Early-Stage Talks With Uber, Deliveroo
(Bloomberg) -- Spanish food delivery startup Glovo has drawn preliminary interest from Uber Technologies Inc. and Deliveroo in recent months as the industry undergoes a wave of consolidation, people familiar with the matter said.Talks between the Barcelona-based company and potential partners have been on and off and may not lead to a transaction, the people said, asking not to be identified because the deliberations are private. While suitors have shown preliminary interest, Glovo isn’t actively looking for a buyer, the people said.Glovo is continuing to raise fresh funding and has also held early-stage talks with SoftBank Group Corp. about a potential investment, two of the people said. Glovo, which has markets in Europe, Latin America and Africa, may prefer to explore partnerships or deals on a region-by-region basis rather than a full sale, one of the people said.Representatives for Glovo, Uber, Deliveroo and SoftBank declined to comment.Delivery platforms have become prime takeover targets as startups battle for survival against more established incumbents and companies branch out into new services. On Monday, Just Eat Plc and Takeaway.com NV agreed to a 5 billion-pound ($6.1 billion) combination, less than six months after Takeaway.com spent about $1 billion on rival Delivery Hero SE’s German operations. Last month, Glovo struck a deal with French grocer Carrefour SA to make deliveries in France, Spain, Italy and Argentina.Square Inc. is selling its Caviar food-delivery app to DoorDash Inc. for $410 million, while Amazon.com Inc. has agreed to invest in Deliveroo.Click here to read more about the surge in delivery deals.Glovo, which markets itself as an app for anything and lets users request a range of products, was valued at about 850 million euros ($950 million) in its last fundraising round, one of the people said. The company is considering an initial public offering as soon as 2020, people familiar with the plans said in April. Investors in the firm include restaurant-owner AmRest Holdings SE, venture capital firms Lakestar and Seaya Ventures and Delivery Hero.Uber Eats, targeting an expansion into grocery delivery, has held talks with the U.K.’s second-biggest grocer, J Sainsbury Plc, people familiar with the matter said last month. The supermarket operator this month announced it was partnering with Deliveroo to bring hot pizza to homes in four British cities.To contact the reporters on this story: Giles Turner in London at gturner35@bloomberg.net;Rodrigo Orihuela in Madrid at rorihuela@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Amy Thomson, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Simply Wall St.
What Is Carrefour SA's (EPA:CA) Share Price Doing?
Today we're going to take a look at the well-established Carrefour SA (EPA:CA). The company's stock maintained its...
- Reuters
CORRECTED-Senegal to crack down on huge plastic waste by enforcing law
Tired of seeing Senegal's seascapes spoiled by ever-growing mounds of cheap plastic bags, authorities plan to crack down on polluters by imposing fines and further restricting plastic use. Across Senegal, plastic containers are strewn across roads, often with goats and cows feeding on them, while rubbish can be seen floating in the sea. In Senegal, a 2015 law banned the most common thin polythene bags, but was never applied.
- Thomson Reuters StreetEvents
Edited Transcript of CA.PA earnings conference call or presentation 25-Jul-19 4:15pm GMT
Half Year 2019 Carrefour SA Earnings Call
- Reuters
Retailer Carrefour says strategic overhaul on track as H1 profits rise
French supermarket retailer Carrefour reported higher first-half profits and said it was on track with a strategic overhaul aimed at boosting earnings and tackling competition from the likes of Amazon. Traditional retailers around the world, such as Carrefour, its French rival Casino and Marks & Spencer, are stepping up their online presence to deal with the increase in purchases done over the Internet. Carrefour, which is Europe's largest retailer, said group operating profits rose 2.6% from the same period last year to 618 million euros ($690 million).
- Reuters
UPDATE 1-Retailer Carrefour says strategic overhaul on track as H1 profits rise
Traditional retailers around the world, such as Carrefour, its French rival Casino and Marks & Spencer, are stepping up their online presence to deal with the increase in purchases done over the Internet. Carrefour, which is Europe's largest retailer, said group operating profits rose 2.6% from the same period last year to 618 million euros ($690 million). Carrefour had a 282 million euros improvement in cash-flow, while recurring operating profits at its competitive, key home French market rose by 6 million euros to 116 million.
- Bloomberg
Casino Makes Good Use of Its Newfound Freedom
(Bloomberg Opinion) -- Usually when a company cuts its dividend, shareholders fret.That is not the case at Casino Guichard-Perrachon SA, which said on Thursday that would eliminate its dividend in 2020 in an effort to bring down its debt.The shares haven’t changed much from Wednesday, highlighting that the move was much-needed and long-overdue. It could save 500 million euros ($556.5 million) over 18 months at a time when funds are needed to reduce borrowings of 2.9 billion euros in France alone.Rallye SA, which owns 52% of Casino, had been reliant on cashflows from the company to service its own borrowings. But Rallye has been in safeguard proceedings since May, giving it time to restructure its debts. This has lifted the constraints from Casino and left it free to pare the dividend. It has already cancelled the interim pay-out.True, some minority shareholders may be unhappy at the loss of the income. But Casino had been over-distributing. They should have at least been braced for possibility of the payout being radically reduced or ditched.What’s more, it is the best course of action for the group given its aim to reduce net debt to less than 1.5 billion euros by the end of 2020. Longer term, it may also provide more scope to invest.Cutting the dividend is also better than some of the alternatives. One option would have been to do even more sale and lease back deals, which simply swap one form of borrowing for another. I have already cautioned on the property disposals it has announced over the past year.The company hasn’t decided what will happen to the payout in 2021. But the willingness to suspend it – at least for now – indicates that management is running the company for all Casino shareholders, rather than just Rallye.And that is a good thing because there are still risks for Casino.While the convoluted corporate structure has long been a worry, the operating performance has held up.But the French market remains intensely competitive. While same store sales there were better than expected, free cashflow deteriorated, a worrying sign.Also, Rallye still has a big holding in Casino. As the parent tries to deal with its debt, which stood at 2.9 billion euros at June 30, there remains a risk that some of that stake will have to be offloaded.Shares in Rallye fell as much as 3.7% on Thursday. The flipside of today’s dividend cut is that its parent will no longer benefit from the income.As for Casino, its shares have recovered since Rallye was put into safeguarding proceedings, but still remain well below their high for the year, reached in March.Thursday’s news, which included board approvals for a plan to simplify the web of listed companies in Latin America, have given shareholders a lot of reason to cheer. It helps that takeover interest, potentially from Carrefour SA, or even Amazon.com Inc., can’t be ruled out.But with the great Casino-Rallye unwinding still at relatively early stage, investors should brace themselves for more upheaval. The subdued share trading on Thursday seems to show they’ve got the message.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Jennifer Ryan at jryan13@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Reuters
Carrefour goes for fast home delivery with Glovo deal
Carrefour has teamed up with Spanish start-up Glovo to provide a fast home delivery service as the French supermarket group looks to deal with growing competition from the likes of Amazon as well as domestic rivals. Other supermarkets around the world are forming deals with online partners such as Amazon and others to meet growing demand from customers for home delivery services. Carrefour's French rival Casino already has a partnership with Amazon, while Marks & Spencer has a joint venture with online food retail pioneer Ocado.
- Reuters
UPDATE 2-Carrefour goes for fast home delivery with Glovo deal
Carrefour has teamed up with Spanish start-up Glovo to provide a fast home delivery service as the French supermarket group looks to deal with growing competition from the likes of Amazon as well as domestic rivals. Other supermarkets around the world are forming deals with online partners such as Amazon and others to meet growing demand from customers for home delivery services.
- Reuters
Barclays sees Carrefour-Casino merger as possible, pushing up Casino shares
"Such a combination looks potentially interesting as the new entity would become leader in France and Brazil and would be able to benefit from significant synergies," wrote Barclays. Barclays said it was difficult to ascribe a particular percentage likelihood to this merger happening, but it estimated potential savings at 0.9% of sales of the combined group, or total gross synergies of around 1 billion euros ($1.12 billion). Last year, Carrefour and Casino were locked in a dispute after Casino said it had rejected a tie-up approach from Carrefour, that Carrefour denied making.
- Reuters
UPDATE 1-Carrefour Brasil sees major growth in organic products, in-house brands
Carrefour Brasil SA plans to increase the supply of organic products in its stores by 85% in 2019, executives said on Monday, as part of wider efforts to capture growing consumer interest in healthier and natural food. The local subsidiary of French retailer Carrefour SA expects sales of organic food to hit 500 million reais ($131 million) by 2022, according to Carrefour Brasil's head of sustainability, Lucio Vicente Silva. "Our ambition is to lead the food transition, allowing people to eat better at a fair price,” said Vice President of Institutional Relations Stephane Engelhard at an event in Sao Paulo.
- Reuters
Brazil's GPA taps Microsoft to test 'Amazon Go'-like technologies
Brazilian food retailer GPA SA plans to open its first store to test technologies such as facial recognition and "scan & go" shopping by year-end, following in the footsteps of parent company Casino, which opened a checkout-free store in Paris last November. The Sao Paulo-based store, which will use technology from Microsoft Corp, makes GPA the latest supermarket chain to experiment with formats similar to Amazon.com Inc's Amazon Go checkout-free convenience stores the Web-based retailer has rolled out in the United States. The GPA store will also follow a partnership struck in March by rival Carrefour Brasil to set up a fully automated 24-hour convenience store with local startup Zaitt.
- Reuters
Carrefour boss rules out exiting more countries after China deal
Carrefour boss Alexandre Bompard said he had no plans to exit other countries after the French supermarket retailer agreed to sell a majority stake in its Chinese operations to electronics retailer Suning.com. "China was a very specific situation, a very small market share, a small player with losses. The other countries do not have the same configuration." Bompard told BFM Business TV on Tuesday.
- Simply Wall St.
Is There An Opportunity With Carrefour SA's (EPA:CA) 41% Undervaluation?
Today we will run through one way of estimating the intrinsic value of Carrefour SA (EPA:CA) by estimating the...
- TheStreet.com
Carrefour Beats Retreat in China, Following Walmart and Tesco
After a quarter of a century selling groceries in China, Carrefour is beating a retreat. The deal leaves Carrefour with an interest in China without having to do any of the heavy lifting. Carrefour China currently operates 210 hypermarkets and 24 convenience stores, although its €4.1 billion (US$4.7 billion) in sales last year were down 5.9%.
- TechCrunch
Carrefour sale shifts the balance of power in China's new retail battle
Carrefour, which is Europe's largest retailer, sold a majority 80% stake inits China-based business to Chinese retailer Suning, according to anannouncement made this weekend
