Streetbeat News

CRRFY

Carrefour

http://www.carrefour.com/

CEO

Alexandre Bompard

Industry

Offices of Other Holding Companies

Open

3.05

Mkt cap

10B

Volume

45K

High

3.05

P/E Ratio

12.16

52-wk high

3.88

Low

3.03

Div yield

0.06

52-wk low

2.77

Carrefour SA (OTC:CRRFY) and PepsiCo Inc (NASDAQ:PEP) have resolved their three-month dispute over grocery prices, leading to the restocking of PepsiCo products, including Cheetos, in Carrefour stores in France. Negotiations for returns in four other countries are ongoing. The disagreement began in early January when Carrefour stopped carrying PepsiCo products due to unacceptable price increases. This dispute affected about 10,000 Carrefour stores across Europe, with these stores accounting for approximately 0.27% of PepsiCo's global revenue.

Portfolio Pulse from Shivani Kumaresan

April 04, 2024 | 1:39 pm

Sanofi SA (NASDAQ:SNY) is sponsoring the 2024 Olympic Games in Paris to transform its image and attract a younger workforce. The company is joining other French companies like LVMH and Carrefour in this endeavor. Sanofi's commitment includes backing athletes and involving over 8,000 employees in the Games. The financial investment is speculated to be a significant sum, though exact figures are not disclosed. The impact on investor sentiment is uncertain given Sanofi's recent financial challenges and business model changes. SNY shares closed at $51.76 on Tuesday.

Portfolio Pulse from Vandana Singh

January 10, 2024 | 11:36 am

PepsiCo Inc (NASDAQ:PEP) clarified that it initiated the breakup with Carrefour (OTC:CRRFY), contrary to previous reports. The split is due to a deadlock in contract negotiations over price increases. PepsiCo's decision to stop supplying Carrefour's European stores is a response to Carrefour's announcement to stop selling PepsiCo products in France, Italy, Spain, and Belgium. The dispute is significant as it involves approximately 0.25% of PepsiCo's global revenue and occurs amidst French government pressure on suppliers to lower prices due to high food inflation.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 11:37 am

Carrefour SA has decided to stop selling PepsiCo products in its French stores due to what it considers 'unacceptable price increases.' This decision follows PepsiCo's announcement of modest price hikes earlier in October. The move is part of a larger trend where retailers are pushing back against price increases from consumer goods companies. The French government is also taking steps to combat inflation by urging earlier price negotiations. Carrefour's stock (CRRFY) closed lower by 1.08% at $3.66 on Wednesday.

Portfolio Pulse from Shivani Kumaresan

January 04, 2024 | 2:15 pm

BIO-key International Inc (BKYI) shares are trading higher after announcing that Carrefour (CRRFY) is integrating BIO-key's AuthControl Sentry cloud solution in Spain through a partnership with Evolutio. This solution is part of Carrefour's commitment to data security and will protect access to critical services for Carrefour's 6,500 employees in Spain. Earlier in the month, BKYI also partnered with Ping Identity to offer biometric authentication to its customers. BKYI shares have risen 9.09% to $3.00 in premarket trading.

Portfolio Pulse from Lekha Gupta

December 27, 2023 | 12:16 pm

Arm Holdings is preparing for an IPO that could value the company at $54 billion. Goldman Sachs has dismissed multiple employees due to violations of its communications guidelines. Google is reducing its global recruiting department due to a hiring slowdown. Starbucks founder and former CEO Howard Schultz is leaving the company's board. Marvel Studios' VFX workers have voted for unionization. Singapore may impose new rules on ride-hailing companies like Grab Holdings. Kroger's Home Chef division is in a logo dispute with Grubhub. Carrefour is issuing price alerts on products from suppliers like Nestle, PepsiCo, and Unilever. CrownRock is preparing for a potential sale that could value the company at over $10 billion. Delta Air Lines and United Airlines are facing an antitrust lawsuit. Ron Baron holds over $1 billion in shares in SpaceX. Microsoft is facing a formal EU complaint over its Teams app. Electronic Arts' Stig Asmussen is leaving the company. OpenAI is opening a new office in Dublin. Caesars Entertainment has suffered a cybersecurity breach.

Portfolio Pulse from Vandana Singh

September 14, 2023 | 1:56 pm

French supermarket Carrefour has issued price alerts on several products from suppliers such as Nestle, PepsiCo, and Unilever, in a bid to combat inflation. The move comes ahead of contract negotiations and aims to pressure these companies into reducing their prices. Carrefour has labelled 26 products in its French stores, indicating that their volume or weight has decreased while their prices have increased. The French Finance Minister supports this initiative and has urged major retailers and consumer groups to lower prices.

Portfolio Pulse from Vandana Singh

September 14, 2023 | 11:34 am

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