Report
Geoffroy Michalet

Carrefour : Preview T3 2022 : toujours pas de signaux si négatifs malgré l’accélération probable du trading down pour le T4

>T3 2022 : + 7,4% en LFL au T3 vs 7,3% au T2 2022 - Carrefour publiera son CA T3 le mercredi 26/10 après Bourse. Nous tablons sur un CA T3 en hausse de 16%e incluant 7,4% en LFL qui devrait sortir presque stable par rapport au T2 (+7,3% en LFL) mais toujours supérieur au T1 (LFL : +3.4%). Le TMVA de croissance LFL devrait également être presque stable vs 2019 entre le T3 (+17%) et le T2 +18%LFL). L’accélération de l’inflation depuis l’été devrait entrainer un effet de...
Underlying
Carrefour SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Geoffroy Michalet

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