CUYTF - Etn. Fr. Colruyt NV
| Previous close | 26.02 |
| Open | 26.02 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 26.02 - 26.02 |
| 52-week range | 21.05 - 34.35 |
| Volume | |
| Avg. volume | 22 |
| Market cap | 4.447B |
| Beta (5Y monthly) | 0.13 |
| PE ratio (TTM) | 14.78 |
| EPS (TTM) | 1.76 |
| Earnings date | N/A |
| Forward dividend & yield | 1.08 (4.16%) |
| Ex-dividend date | 30 Sept 2022 |
| 1y target est | N/A |
ReutersColruyt blames price dispute for lack of Mondelez products
Inflation and the resulting cost of living crisis have put pressure on retailers and consumer goods companies to keep prices low and made negotiations between them more tense. Colruyt said Mondelez, which also produces Stimorol chewing gum and Philadelphia cream cheese, had asked for an additional price increase after an agreement for 2023 had already been finalised.
- Reuters
Belgian supermarket chain Colruyt operating profit slides
The company, which competes directly with German discount retailers Aldi and Lidl, in September issued its third profit warning in 12 months, citing the impact of rising competition and growing costs from energy, transport and employee wages. In Belgium, the wages of all workers are linked to inflation by law and Colruyt expects the greatest impact of the measure to be recorded the second half of the year. "The months to come will remain very challenging, with gloomy macroeconomic forecasts that will further affect consumer spending patterns," CEO Jef Colruyt said in a statement.
- Reuters
Discount chain Colruyt's profit falls as inflation, tough competition take toll
Although discount chains are gaining market share as shoppers look to save money amid record inflation, for some the promise of lower prices now appears to be a disadvantage as they struggle to pass on rising costs. Colruyt, known for its discount supermarket chain, said its net profit fell to 288 million euros ($299.98 million) in the year ended March 31, against 385 million euros a year earlier, excluding one-off effects. Colruyt expects its earnings before one-offs to further decrease in the current fiscal year.