Carrefour FR (ticker symbol: CARR) is one of the world’s largest retailers engaging in the provision of supermarket and retail store wholesales. Carrefour operates stores in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, and Taiwan.
Founded on July 11, 1959, Carrefour SA is headquartered in Boulogne-Billancourt, France. The company operates hypermarkets, supermarkets, convenience stores, cash and carry stores, hypercash stores, as well as e-commerce sites and service stations.
Carrefour’s stores offer fresh produce and consumer goods, as well as small electronic and household appliances. Carrefour’s direct retail stores and retail sales make up for the bulk of its revenue sources, but the company is also involved in banking, insurance, property development, franchise activities; as well as the provision of travel agency services; and the rental of shopping malls.
Carrefour became one of the first retail companies to be listed on the Paris stock exchange on June 16th, 1970. Maintaining a strong international presence, Carrefour engaged in a series of sales and acquisitions, in the early 21st century which included:
- In the early 2000s, Carrefour bolstered its global presence through a series of targeted acquisitions including those of “Hyparlo”, “Artima”, and “Penny Market” in Romania, “GB” in Belgium, “Ahold” in Poland, “GS” in Italy, “Atacadão” in Brazil, “North” in Argentina and “Plus” in Spain.
- In 2014, the Carrefour Group acquired “Dia stores” and integrated 128 Coop Alsace stores.
- In 2016, Carrefour acquired “Rue du Commerce” and “Greenweez” in France, bought “Billa supermarkets” in Romania and “Eroski” in Spain. The Group also launched new e-commerce activities in China, Poland, Argentina, and Brazil.
Carrefour Stock History
Carrefour’s history began in 1959, following a meeting between shop owner Marcel Fournier and the Badin-Defforey family. Marcel Fournier and Denis Badin-Defforey opened the first Carrefour supermarket at the crossroads of Avenue Parmelan and Avenue André Theuriet in Annecy in June 1960. Just three years later and inspired by the United States hypermarket model, Carrefour opened the first of its kind hypermarket in France and offered a vast range of products at low prices.
In 1970, Carrefour went public on the Paris stock exchange in a bit to fund its growth; and by 1973 Carrefour’s business had expanded to Belgium, Switzerland, Italy, Great Britain, and Spain. In 1989, Carrefour opened its first hypermarket in Taiwan. The company also entered the Mexican market in 1993, Poland in 1997, and the Czech Republic in 1998.
In 1998, Carrefour acquired the French supermarket chain “Comptoir Modernes”, which then operated more than 800 stores. In 1999, Carrefour merged with retailer “Promodès” (which had more than 6,000 stores in Europe). These major acquisitions secured a leading position for Carrefour in the European retail industry early on.
In 2000, and as e-commerce was at its infancy, Carrefour launched its on-line supermarket. In the following years, the company bolstered its positions in numerous countries through a series of targeted acquisitions in France, Romania, Belgium, Poland, Italy, Brazil, Argentina, and Spain. In 2014, Carrefour expanded the scope of its operations with the foundation of “Carmila” – a company specialized in managing the company’s owned shopping centers adjoining hypermarkets.
Carrefour typically pays its stockholders a yearly dividend with a cash payout taking place around June every year. At the time of writing, the last dividend issued by Carrefour was on June 7, 2022 at 52¢ per share.
How to Trade Carrefour SA
Throughout the first decade of the 21st century, Carrefour was the world’s second largest retailer by revenue, and its attractive lower-priced line of store-brand products has enabled the company to maintain its popularity and competitiveness in the market. Here are some factors traders should consider when trading Carrefour stocks with leverage:
- Competitor Performance
While Carrefour is one of Europe’s most prominent retail brands, there are still a number of contenders to keep an eye on when considering the company’s performance. Carrefour’s top competitors include the likes of Walmart, Tesco, LIDL, Coles Group, Kroger, Target Corporation, and Amazon.
- Consumer Demand
While consumer demand for necessity goods remains typically stable, there are some scenarios in which we can see rising demand such as during lockdowns – which was the case during the Covid-19 pandemic.
- Food and Supply Shortages
As geopolitical tensions continue to rise, global food shortages may cause a surge in prices of necessity goods and companies like Carrefour may stand to benefit from these disruptions.
- New Product/Services Rollouts
Carrefour has successfully expanded its services beyond retail sales and wholesaling. An early adopter of digitization Carrefour has also introduced a number of innovations over the years that have bolstered the company’s performance.
- Earnings Reports
Earnings reports include key metrics such as net income, earnings per share, earnings from continuing operations, and net sales, enabling investors to gauge the financial health of the company. Carrefour’s fiscal year runs from December to January of the following year, with the company releasing quarterly reports at the end of every quarter.
AvaTrade Carrefour Stock Trading Information
- Carrefour Symbol: #CARR
- Trading Times: Monday – Friday 08:00-16:29 GMT
- Country: France
- Currency: EUR
- Exchange: Euronext Paris
- Leverage up to: 5:1
Why trade Carrefour Stock with AvaTrade
- International Regulation – AvaTrade is a multi-regulated broker that adheres to strict guidelines of international regulatory bodies.
- Leveraged Trading – AvaTrade’s flexible leverage gives traders the opportunity to trade Carrefour with relatively lower capital requirements.
- Ability to Short Sell – AvaTrade clients can benefit from the flexibility of placing both long and short positions without having to own Carrefour.
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