Carrefour
CA: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| XW | LOCK|@& | LOCK|m<hYgy& |
Carrefour Earnings: Unsurprising Results to Close Out the Year
We maintain our EUR 17 per share fair value estimate for no-moat Carrefour, after the firm reported fourth-quarter and full-year 2024 results in line with our estimates. Carrefour has made progress toward its strategic 2026 objectives through pricing and cost-saving actions; however, we are wary of the sluggish environment in Europe. 2025 guidance remained vague, with the firm aiming to increase organic growth and initiate a new EUR 1.2 billion cost-savings plan.
