Carrefour : Q3 2022 preview: the signals still are not that negative despite the likely acceleration in downtrading for Q4
>Q3 2022: +7.4% l-f-l in Q3 vs 7.3% in Q2 2022 - Carrefour is due to report its Q3 2022 sales on Wednesday 26 October after trading.We forecast Q3 sales up +16%e including 7.4% l-f-l which is set to be virtually stable vs Q2 (+7.3% l-f-l) but still ahead of Q1 (l-f-l: +3.4%). The CAGR l-f-l is also set to be virtually flat vs 2019 between Q3 (+17%) and Q2 (+18% l-f-l). The uptick in inflation since the summer is set to see more downtrading in Q4 but nothing to be...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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