Carrefour offers 'swathe of reasons for more optimism', shares jump

Newprinces SpA

25/07/2025 08:58

** Shares in Carrefour CARR.PA rise 5%, set for their best day in 17 months, after the retailer reported better-than-expected Q2 results and announced sale of its Italian business to NewPrinces Group NWLF.MI

** Carrefour reports Q2 LFL sales growth of 4.4% to 23.89 bln euros ($28.08 bln)above the company-compiled consensus of +2.7%

** Jefferies flags a "broad swathe of reasons for more optimism", pointing out LFL and margins improvement, Brazil debt refinancing reducing interest, Italy divestment and CEO reappointment

** Barclays echoes Jefferies' points, adding Italy's exit and the Brazilian debt refinancing are both accretive

** The company reiterates its 2025 financial targets

** The stock sits at the very top of France's blue-chip index CAC 40 .FCHI index and is among top performers on wider SBF120 .SBF120 index

** Separately, shares in NewPrinces fall 2.3%

($1 = 0.8508 euros)

 (Reporting by Clement Martinot)

 ((Clement.Martinot@thomsonreuters.com;))