Carrefour ( (CRRFY) ) has released its Q2 earnings. Here is a breakdown of the information Carrefour presented to its investors.
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Carrefour is a multinational retail corporation operating a chain of hypermarkets, supermarkets, and convenience stores, primarily in the food retail sector, with a significant presence in Europe and Latin America.
In the first half of 2025, Carrefour reported an acceleration in sales growth, with a 4.4% increase in like-for-like sales in the second quarter, confirming its full-year financial targets. The company saw improved dynamics in France, sustained growth in Brazil, and sound momentum in Spain.
Key financial highlights include a slight increase in EBITDA to €1,936 million and a recurring operating income of €681 million, affected by integration costs of Cora & Match and currency impacts. The company also made strategic moves, such as the acquisition of Carrefour Brazil’s remaining shares and the sale of operations in Italy, while launching a new European buying alliance, Concordis.
Despite a decrease in net free cash flow due to strategic investments, Carrefour maintained a solid balance sheet and continued to focus on cost savings and strategic initiatives. The company achieved a 107% success rate in its CSR and Food Transition Index, reflecting its commitment to sustainability and social responsibility.
Looking forward, Carrefour remains confident in its strategic direction and financial targets for 2025, aiming for slight growth in EBITDA, recurring operating income, and net free cash flow, supported by ongoing market momentum and strategic initiatives.