{"id":1982632,"date":"2023-07-25T19:52:01","date_gmt":"2023-07-25T23:52:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/carrefour-brasil-posts-95-drop-in-q2-net-profit-weighed-down-by-big-division\/"},"modified":"2023-07-25T19:53:05","modified_gmt":"2023-07-25T23:53:05","slug":"carrefour-brasil-posts-95-drop-in-q2-net-profit-weighed-down-by-big-division","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/carrefour-brasil-posts-95-drop-in-q2-net-profit-weighed-down-by-big-division\/","title":{"rendered":"Carrefour Brasil&#8217;s Q2 net profit plunges 95% due to BIG division."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcarrefour-brasil-posts-95-drop-in-q2-net-profit-weighed-down-by-big-division%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1982632&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<h2>MEXICO\u2062 CITY\u2062 (Reuters) \u2013 Carrefour Brasil Reports 95.2% Drop in Q2 Profit<\/h2>\n<blockquote>\n<p>Carrefour Brasil,\u200c the Brazilian arm of French retailer Carrefour SA, has reported a significant drop\u2064 in its\u200d second-quarter \u200badjusted net profit. The company&#8217;s profit plummeted by 95.2% to reach\u200c 29 million reais ($6.10 million). This decline is attributed to the financial impact of \u200dits integration \u2063with BIG Group, \u200caccording to the company&#8217;s statement\u2063 on Tuesday.<\/p>\n<\/blockquote>\n<p>The company did, however, see an increase\u200c in net sales, which rose by 8.1% to reach 25.95 billion reais in the second quarter. Additionally, its wholesale units experienced a sales growth\u2063 of 4.6% year-on-year.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Operating \u200dexpenses \u200dfor\u2064 Carrefour&#8217;s Brazilian unit soared by 32.2% from the previous \u2063year, totaling 3.8 billion reais.<\/p>\n<p>Carrefour Brasil completed the conversion of BIG stores in June, following \u200cits acquisition of BIG in \u200bmid-2022.\u200d The company plans to ramp up sales in these converted stores by the next\u2063 quarter. \u2063CEO Stephane Maquaire expressed optimism about the positive impact on results in the coming months, stating, &#8220;The more\u200c we have the maturation of sales, the more we \u2062have the opportunity to grow in the EBITDA margin.&#8221;<\/p>\n<p>Adjusted\u2062 earnings before \u2062interest, taxes, depreciation, and amortization (EBITDA) for the company fell by 21.7% to total 1.34 billion\u2063 reais. However, when\u200c excluding Grupo BIG, \u200dthe company saw a 6% drop in adjusted EBITDA, reaching \u200c1.5 billion reais.<\/p>\n<p>In the second quarter, Carrefour Brasil opened six new wholesale format stores and converted 47 BIG \u200dstores.<\/p>\n<p>($1 = 4.7520 reais)<\/p>\n<\/p>\n<p>  (Reporting by Carolina Pulice; Editing by Brendan \u200dO\u2019Boyle)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/carrefour-brasil-posts-95\/attachment\/file-photo-the-carrefour-logo-is-pictured-in-a-supermarket\/\"><\/a><\/p>\n<\/div>\n<div class=\"entry-content\">\n<h3>Hunter Biden&#8217;s Court Date Approaching<\/h3>\n<p>Hunter Biden&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/carrefour-brasil-posts-95-drop-in-q2-net-profit-weighed-down-by-big-division\/\" title=\"Carrefour Brasil's Q2 net profit plunges 95% due to BIG division.\">highly anticipated court date<\/a> is set for Wednesday, \u2064but it \u200cremains uncertain whether the judge will accept his plea deal.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<h3>Police Wrapping Up Search \u200cfor\u2064 Suspected Serial Killer<\/h3>\n<p>Police are concluding their search in the home of the suspected &#8216;Giglo Beach&#8217; serial killer.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<h3>FreedomWorks\u200d Calls for Spending Rollback<\/h3>\n<p>The grassroots activist group FreedomWorks is joining members \u2062of the\u2063 House Freedom Caucus in urging appropriators \u2062and GOP leadership \u2062to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/exclusive-music-rights-giant-bmi-in-renewed-talks-to-sell-itself-sources\/\" title=\"BMI, the exclusive music rights giant, is reportedly in talks to sell itself once again, according to sources.\">roll back current spending levels<\/a>.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<h3>Catholic Activist \u200cCriticizes Bishops&#8217; Organization<\/h3>\n<p>Catholic activist and\u2063 president of Saint Michael&#8217;s media, Michael Voris, is calling out a Catholic Bishops&#8217; organization for allegedly funding woke causes, including illegal immigration and restrictions\u200c on Second Amendment rights.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<h3>New Zealand Boosts Cyber Defenses<\/h3>\n<p>New Zealand announced\u2064 plans to enhance its cyber defenses by establishing a \u200clead agency to address the growing threat.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<h3>Twitter Rebrands with New\u200b Logo<\/h3>\n<p>After 17 years, Twitter has \u2064unveiled a new logo, bidding farewell to its iconic blue bird symbol.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<h3>UK Data Regulator to Examine Worldcoin<\/h3>\n<p>The UK&#8217;s data regulator has \u2064announced its intention to examine Worldcoin, \u2062a project led by OpenAI CEO\u200b Sam Altman.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<h3>Artificial Intelligence Imagines Children of \u200dthe Future<\/h3>\n<p>Argentine\u2063 artist Santiago Barros has used artificial intelligence to envision what\u2064 the children of the future might look like.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>29 million reais ($6.10 million) in the second quarter, despite the challenges posed by its merger with BIG Group. Carrefour Brasil&#8217;s adjusted net profit plummeted by 95.2%, reflecting the financial impact of the integration. However, the company managed to achieve an 8.1% increase in net sales during this period.<\/p>\n","protected":false},"author":66,"featured_media":1982633,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1982632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1982632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1982632"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1982632\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1982633"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1982632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1982632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1982632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}