Carrefour's Stronger Sales Unlikely to Change Investor Perception -- Market Talk

Dow Jones10-24

1146 GMT - Carrefour's higher third-quarter sales are unlikely to change investor perception, despite weak trends in Europe, Stifel analyst Cedric Lecasble says. The French retail group confirmed that its expectations were in line with Visible Alpha's current underlying EBIT consensus, Lecasble writes in a research note. This confirmation both limits the scope for significant earnings revisions and reflects improved consumer behavior in France and Spain since September. Price cuts over the last quarters have dampened sales in Europe without increasing the group's market share yet. Improved sales in Europe are a pre-requisite for the stock's rating to improve, the analyst says. Shares trade 1% lower at 14.83 euros. (nina.kienle@wsj.com)

(END) Dow Jones Newswires

October 24, 2024 07:46 ET (11:46 GMT)

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Price cuts over the last quarters have dampened sales in Europe without increasing the group's market share yet. Improved sales in Europe are a pre-requisite for the stock's rating to improve, the analyst says. Shares trade 1% lower at 14.83 euros. 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The French retail group confirmed that...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CRRFY","symbol_name":"Carrefour S.A.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2477068125","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477068125","pubTimestamp":1729770360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1146 GMT - Carrefour's higher third-quarter sales are unlikely to change investor perception, despite weak trends in Europe, Stifel analyst Cedric Lecasble says. 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