🛒 Carrefour SA (CRRFY)
📈🐂  $2.93 (+1.07%) — Sep 4, 2025

🛍️ What is Carrefour, Really?

Think of Carrefour as France’s answer to Walmart, Costco, and Amazon had a child — and then shipped it to 30 countries.

From hypermarkets and supermarkets to convenience stores, club stores, e-commerce, fuel stations, banking services, shopping malls, and even travel agencies ✈️ — Carrefour is everywhere. You could practically live in a Carrefour without noticing. (Groceries ✅, financial services ✅, travel booking ✅, even car fuel ⛽.)

Founded in 1959, headquartered in Massy, France, it’s one of Europe’s retail juggernauts and a major global grocer.

🏦 Who Owns the Cart?

Carrefour’s shareholder mix is an eclectic cast of characters:

• Galfa (Moulin family) — 11% stake. Yes, that Moulin family, heirs of Galeries Lafayette. Their matriarch Ginette Moulin (RIP, Feb 2025) lived through WWII, ran Parisian icons, and held Carrefour stock while sipping fine Bordeaux.

• Península — 9.2% stake. This is Abilio Diniz’s baby — Brazilian retail mogul, asset manager, philanthropist. Think Warren Buffett meets Rio Carnival 🎉.

• Employees — 1.6% (proving they literally have skin in the game).

• Public — 73%.

Bottom line: Carrefour is still a family-and-institution anchored powerhouse.

For Carrefour (CRRFY)'s Institutional Ownership breakdown, 🔍 see here

📊 2024: The Year in Numbers

Despite inflation, boycotts, and the eternal French love for strikes, Carrefour kept the aisles humming:

• Sales: €90+ billion-ish, up +9.9% LFL.

• E-commerce GMV: +18% → €5.9B (because yes, even baguettes can be Prime-delivered now).

• EBITDA: €4.6B, up +1.7%.

• Recurring Operating Income: €2.2B (France steady, LatAm soaring 🚀).

• Free Cash Flow: €1.46B.

• Dividend: €0.92 per share (+6%) PLUS a special dividend. Yield? ~7% 💸.

That’s not crumbs, that’s a croissant buffet. 🥐

🎯 Carrefour 2026 Plan: Two Aisles to Glory

Carrefour is halfway through its “Carrefour 2026” transformation strategy. The plan rests on two pillars:

1. Best Accessible to All

• Private labels = 40% of food sales by 2026 (because generic cornflakes taste the same as Kellogg’s but save you €2).

• Expansion of Atacadão, their Brazilian discount chain (200 more stores by 2026, plus entry into France).

• Sustainable products = €8B in sales by 2026 🌱.

• Suppliers must meet climate goals or get delisted (climate-conscious cancel culture).

2. Building a Cutting-Edge Group

• Digital transformation and €4B in cost savings.

• Solar panels on parking lots ☀️🅿️ (4.5M sq. m. by 2026).

• Real estate development (because owning malls is almost as profitable as filling them with Nutella).

• Partnership with Publicis for retail media dominance.

• Inclusion goals: 15,000 disabled employees by 2026.

👉 Want the full picture? Dive into Carrefour (CRRFY)'s financials here.

💰 Valuation: Cheap Basket?

• Forward P/E: 6.7 (hello value investors 👀).

• Price/Book: 0.86.

• EV/EBITDA: 5.0.

• Dividend Yield: 7%.

That’s cheaper than a Carrefour discount bin. 📦

Funds haven’t piled in yet — meaning if re-rating happens, there’s upside.

🌍 Expansion & E-Commerce

🛒🐂 Carrefour is not just about France. LatAm (Brazil, Argentina) is booming, with Atacadão stores taking over like wildfire. And online? They want €10B in GMV by 2026. 

The message: Carrefour wants to be both Walmart and Amazon… without losing its French flair. 🇫🇷

⚠️ Risks (Because Not Every Aisle is Rosy)

1. Debt Load: Debt/EBITDA ~4.5x. That’s heavy. A sharp downturn = ouch.

2. Competition: Amazon, Aldi, Lidl, and local discounters never sleep.

3. Inflation: Squeezes margins.

4. Geopolitical issues: Boycotts, global tensions.

5. Cyclical softness: Consumers may cut back… but they still need bread, cheese, and wine.

💡💡💡 Curious about another deep oil exploration play?
Check our takes on UnitedHealth Group or even Oscar Health.

🐂 Or 🐻? Insider & Fund Sentiment

• Moulin family: steady holders.

• Abilio Diniz (RIP): retail genius empire backing the stock.

• Dividend lovers: feasting at 7% yield.

• Institutions: underweight, which leaves space for future buying.

Translation: This isn’t a meme stock, it’s a value play with dividends that pay you to wait.

🛒 Final Take

Carrefour is not flashy. It won’t make headlines like Nvidia or Tesla. But it’s a solid, boringly profitable grocer with international growth, digital upgrades, and juicy dividends.

It’s like finding foie gras in the discount aisle. Unexpected, a little decadent, and definitely worth a look.

⚠️ Disclaimer:

You can find value in Carrefour’s stores — and maybe in its shares. But remember: investing in retail is like grocery shopping. You go in for milk 🥛 and leave with 12 items you didn’t plan for.

Always DYOR, hold the FOMO, and don’t invest what you can’t afford to lose.

We laugh, we analyze, we meme. We sell jokes and opinions — and yes, we’re billing your sense of humor. 🎪💸 
We’re not financial advisors. We’re FUNancial advisors. 

Invest at your own risk.

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