Table of Contents

Executive Summary

Carrefour's exposure to COVID-19

Carrefour's operational responses to COVID-19

Key findings

Key conclusions

Geographic spread analysis - COVID 19 vs Carrefour Group Sales

Global & regional impact

COVID-19 global impact score for Carrefour versus competitors

Revised 2020 revenue forecast

Carrefour exposure: brand sales by region vs regional impact levels

Company reaction

Partnerships

New Services

Safety Measures

Appendix

Methodology

Carrefour SA: Coronavirus (COVID-19) Company impact

Summary

The Coronavirus (COVID-19) company impact report analyses how the pandemic will impact Carrefour's performance.

Carrefour SA is better placed than many specialist retailers to cope with the effects of COVID-19, due to the fact that almost all of its physical stores remain operational during lockdown
Stockpiling and bulk buying - fueling volume growth and average transaction values across both physical and online channels.

Scope

- Group sales are now forecast to rise 3.0% in 2020, versus a flat performance in 2019 and our original 2020 forecast of 1.1% - highlighting how the crisis has provided a critical boost to its performance after two years of tougher trading.
- Carrefour’s extensive online presence in countries it operates in has proven essential during the crisis. It registered significant growth in the number of daily orders and new subscribers to its online platforms in several markets
- We expect its hypermarket formats to see a continued reduction in footfall over Q2 as consumers shop closer to home and non-food areas in some stores are closed off, putting pressure on its smaller supermarket formats and online channel to serve customers.

Reasons to Buy

- Use our revised 2020 forecast for Carrefour to understand how it will perform this year.
- Use our charts to review how Carrefour's sales are split by region globally and how these regions have been impacted by COVID-19.
- Use our in-depth analysis to review how Carrefour has responded to COVID-19 and how this will affect its performance.