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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amazon.com, Inc.    AMZN

AMAZON.COM, INC.

(AMZN)
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Real-time Estimate Quote. Real-time Estimate Cboe BZX - 12/02 02:33:23 pm
3213.985 USD   -0.19%
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Retailer Carrefour says strategic overhaul on track as first half profits rise

07/25/2019 | 12:47pm EST
FILE PHOTO: A Carrefour logo is seen on a Carrefour Hypermarket store in Toulouse

PARIS (Reuters) - French supermarket retailer Carrefour reported higher first-half profits and said it was on track with a strategic overhaul aimed at boosting earnings and tackling competition from the likes of Amazon.

Traditional retailers around the world, such as Carrefour, its French rival Casino and Marks & Spencer, are stepping up their online presence to deal with the increase in purchases done over the Internet.

Carrefour, which is Europe's largest retailer, said group operating profits rose 2.6% from the same period last year to 618 million euros (£553 million). This compared with 598 million euros in a Reuters poll of five analysts.

Carrefour had a 282 million euros improvement in cash-flow, while recurring operating profits at its competitive, key home French market rose by 6 million euros to 116 million.

Carrefour is in the middle of a plan by chief executive Alexandre Bompard to cut costs and boost e-commerce investment to increase profits and sales.

"Carrefour is showing a clear improvement in performance, half-year results are growing. This strong momentum is accompanied by an intensification of our transformation plan," Bompard said in a statement.

Carrefour said it was sticking to the financial targets laid out in its 'Carrefour 2022' plan, which also includes expanding into convenience stores to cut its exposure to large hypermarket stores and having more organic products and private labels.

Those targets include a cost-reduction plan of 2.8 billion euros on an annual basis by 2020, having 5 billion euros worth of e-commerce food sales, and the disposal of 500 million euros worth of non-strategic property assets.

Last month Carrefour agreed to sell 80% of its Chinese operations to electronics retailer Suning.com for 620 million euros, and recently agreed to sell its stake in logistics property group Cargo.

Carrefour has sealed a purchasing alliance with Britain's Tesco and it has teamed up with Spanish start-up Glovo to provide a fast home delivery service in France, Spain, Italy and Argentina.

(Additional reporting by Sudip Kar-Gupta; Editing by Jane Merriman/Michel Rose)

By Pascale Denis and Dominique Vidalon


© Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -0.34% 3210.5461 Delayed Quote.74.26%
ATACADÃO S.A. -1.34% 19.84 End-of-day quote.-15.03%
CARREFOUR -1.13% 13.595 Real-time Quote.-8.03%
CASINO, GUICHARD-PERRACHON 0.57% 24.56 Real-time Quote.-41.44%
JUST GROUP PLC -0.79% 56.25 Delayed Quote.-28.23%
MARKS & SPENCER GROUP PLC 1.69% 135 Delayed Quote.-37.82%
RISE, INC. 0.00% 24 End-of-day quote.-20.00%
SUNING.COM CO., LTD. -1.09% 9.08 End-of-day quote.-10.19%
TESCO PLC -1.92% 224.5 Delayed Quote.-10.31%
WILL GROUP, INC. 0.20% 990 End-of-day quote.-20.93%
WORLD CO., LTD. 1.29% 1331 End-of-day quote.-50.54%
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Financials (USD)
Sales 2020 380 B - -
Net income 2020 18 068 M - -
Net cash 2020 44 305 M - -
P/E ratio 2020 92,8x
Yield 2020 -
Capitalization 1 616 B 1 616 B -
EV / Sales 2020 4,14x
EV / Sales 2021 3,45x
Nbr of Employees 798 000
Free-Float 81,7%
Chart AMAZON.COM, INC.
Duration : Period :
Amazon.com, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 53
Average target price 3 821,74 $
Last Close Price 3 220,08 $
Spread / Highest target 39,7%
Spread / Average Target 18,7%
Spread / Lowest Target 8,69%
EPS Revisions
Managers
NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Dave Clark Senior Vice President-Worldwide Operations
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
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