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Carrefour CA Stock Quote

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Morningstar‘s Stock Analysis CA

Valuation
Currency in EUR
Is it the right time to buy or sell?
Is it the right time to buy or sell?

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Economic Moat

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Capital Allocation

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Carrefour's Strong Momentum Continues Into 2022

Ioannis Pontikis, CFA Senior Equity Analyst

Business Strategy and Outlook

| Ioannis Pontikis, CFA |

Carrefour provides exposure to global food retail with a high European weighting, mostly in the mature and competitive western part of the continent: France, Spain, Italy, and Belgium. However, it is highly exposed to the large hypermarket format (about 50% of total European sales), which is in structural decline in mature markets. This is because of consumer behaviour shifts and demographic trends (less waste, lower family formation rates, smaller families), which have contributed to the structural growth of convenience over one-stop shops, with shoppers preferring more frequent shopping trips and smaller baskets.

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Key Statistics CA

Company Profile CA

Business Description

Carrefour is a multiformat retailer with operations in more than 30 countries, with tens of thousands of shops globally, over 1,000 drive-thru locations, and 320,000 employees. Although hypermarkets still account for the bulk of sales in France, the company, founded in 1959, is expanding away from its initial large hypermarket style. Due to its emphasis on creating smaller stores, its exposure to the nonfood sector has decreased. Approximately 70% of sales are generated in Europe, and the rest in Latin America (27%), and Asia (3%).

Contact
93 Avenue de Paris, Massy Cedex
Paris, 91889, France
T +33 164505000
Industry Grocery Stores
Most Recent Earnings
Fiscal Year End Dec 31, 2021
Employees 319,565