Carrefour : Feedback from the CMD – an attractive 2026 road map that leaves options other than shareholder returns
>A robust outlook although this was already factored into the consensus - Yesterday, Carrefour held its CMD. We retain robust 2026 financial/operational targets: Continuing cost cutting with a target of € 4bn in cost reductions, i.e. € 1bn per year reiterated in line with levels since 2018. Apart from digital solutions, the group also highlighted other operating efficiency initiatives such as: i/ the ‘maxi’ method in hypermarkets; ii/ the pooling of support functions ...Carrefour is a distribution group based in France. Co. is engaged in retailing business, primarily in Europe (France, Belgium, Spain, Italy, Poland, and Romania); Asia (China, India, and Taiwan); and Latin America (Argentina and Brazil). Co. offers a variety of fresh produce, products from local suppliers and major-brand products. Co. operates Hypermarkets, Supermarkets, Convenience stores and Cash & Carry stores, as well as food and non-food e-commerce sites. Co. also offers services such as financial and insurance services, travel, entertainment, after-sales services, and leasing of commercial vehicles. As of Dec 31 2013 Co. operated 10,105 stores under its brand.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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