Carrefour SA has continued to see strong earnings growth in spite of sales pressure across the French market. Store growth across France continues to expand. I take a bullish view of Carrefour SA.
Investors interested in stocks from the Retail - Supermarkets sector have probably already heard of Carrefour SA (CRRFY) and Jeronimo Martins SGPS SA (JRONY). But which of these two stocks presents investors with the better value opportunity right now?
Buy rating for CRRFY due to cheap valuation, positive profit performance in France, strong Brazil performance, and stable overall P&L trends. The area to monitor is that the rest of Europe is still struggling. CRRFY trading at attractive levels and is offering ~6% dividend yield.
Carrefour said on Monday it had entered into a partnership with French renewable energy company GreenYellow for the installation and operation of solar panels in the car parks of around 350 of its hypermarkets and supermarkets in France.
Investors interested in stocks from the Retail - Supermarkets sector have probably already heard of Carrefour SA (CRRFY) and Jeronimo Martins SGPS SA (JRONY). But which of these two stocks presents investors with the better value opportunity right now?
Shares of French supermarket giant Carrefour CA, -7.57% slumped on Tuesday after a report the French government wanted to levy a 200 million euro fine. The publication La Lettre said the finance ministry was recommending a fine over management of its franchise network.