A Review of the World’s Second Largest Retailer

Carrefour SA of France is the second largest retailer in the world after Wal-Mart(WMT) and is also the largest retailer in Europe. The group operates four main grocery store formats: hypermarkets, supermarkets, hard discount and convenience stores. Carrefour currently has over 15,500 stores worldwide, either company-operated or franchises.

The major markets for Carrefour are: Asia, Latin American and Europe. While the company is present in over 34 countries, the majority of its revenues(about 57%) still come from France. Carrefour sees strong growth in many emerging markets such as China, Brazil, Indonesia, Poland and Turkey.

Carrefour was first listed on the Parix exchange in June 1970. Currently the stocks is a component of the CAC 40, SBF 120, FTSE 100, DJ Euro STOXX 50 indices.

Until May 30, 2011 Carrefour ADR traded as an unsponsored ADR on the OTC markets with the ticker CRERY. On May 31st, the ADR was converted into sponsored ADR. The stock currently trades under the symbol (CRRFY).

At the closing price of $7.72 on Friday, the ADR has a dividend yield of 3.350%.

For more information on Carrefour please visit their investor relations site.

Disclosure: No positions


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