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Carrefour SA (CRRFY)
OTHER OTC:CRRFY
Earnings Data
Report Date
Jul 29, 2026During Market Hours (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.13Last Year’s EPS
0.08Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a broadly constructive operational and financial picture: strong execution in France (margin milestone and market-share gains) and Spain (top-line and margin expansion), meaningful cost savings (EUR 1.1bn) and solid cash generation (net free cash flow ≈ EUR 1.565bn ex-Italy). Management confirmed controlled Cora & Match integration, tangible retail and e‑commerce wins in Latin America, and a shareholder-friendly dividend policy. Offsets included short-term dilution from Cora & Match (EUR 120m), notable FX and Argentina headwinds (~EUR 100m each), the Italy exit impact (net discontinued loss EUR 657m), a decline in gross margin (-22 bps) and stable EBITDA (no growth). Management expressed confidence for 2026 and reiterated targets (including EUR 130m synergies by 2027 and a EUR 1.7bn free cash flow ambition), positioning the group to improve underlying performance. Overall, positives in execution, cost discipline and cash generation slightly outweigh near-term headwinds and one-off impacts.Company Guidance
France — Margin Milestone and Market Share Gain
Carrefour France core operating margin reached 3.0% (milestone), legacy recurring operating income grew 11.3% in 2025 and margin expanded by 31 basis points. Group market share in France rose to 22% (highest since 2015). Customer satisfaction improved (NPS +3 points in Q4) and Carrefour opened a record 456 new convenience stores in 2025.
Spain — Strong Top-line and Profitability
Carrefour Spain delivered like-for-like food sales growth of +2.3% in 2025 and nonfood +0.7% like-for-like. Recurring operating income increased 13.5% to EUR 463 million and operating margin expanded 45 basis points to 4.2%, driven by price leadership and strong fresh-product performance.
Cash Generation and Cost Savings
Net free cash flow amounted to EUR 1.565 billion in 2025 excluding Italy (net free cash flow excluding real estate > ~EUR 1 billion). The group's cost savings program delivered EUR 1.1 billion of annual savings (ex-Italy). SG&A improved to 14.4% of sales (down 16 bps). CapEx reduced to EUR 1.523 billion in 2025 as investment in non-core markets slowed.
Cora & Match Integration Progress and Commercial Response
Integration OpEx was EUR 145 million (below expected EUR 150m) and CapEx EUR 85 million (below expected EUR 100m). Commercial changes (Carrefour pricing and private labels) increased private-label penetration by ~10 percentage points; number of tickets rose +2.9% in Q4 and NPS improved ~20 points post-integration. Synergies target of EUR 130 million by 2027 confirmed.
Latin America — Select Operational Wins
Despite a challenging macro, Brazil retail food sales grew +4.3% like-for-like and e-commerce grew +41% in Q4. Argentina delivered very strong like-for-like growth of +24% (market leadership gains). Brazil recurring operating income was EUR 709 million (margin ~4%).
Shareholder Returns and Capital Discipline
Board will propose an ordinary dividend of EUR 0.97 per share (≈ +5.4%) and, subject to Romania disposal closing, a special dividend of EUR 150 million (≈ EUR 0.21/share), totaling EUR 1.18/share and implying a ~8.3% cash yield on Dec 31, 2025 share price. Net debt stood close to EUR 4 billion with recent cash generation covering dividends and related items.
CRRFY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CRRFY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | $3.72 | $3.64 | -2.13% |
Jul 24, 2025 | $2.88 | $2.89 | +0.21% |
Feb 19, 2025 | $2.73 | $2.70 | -1.03% |
Jul 24, 2024 | $2.98 | $2.84 | -4.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Carrefour SA (CRRFY) report earnings?
Carrefour SA (CRRFY) is schdueled to report earning on Jul 29, 2026, During Market Hours (Confirmed).
What is Carrefour SA (CRRFY) earnings time?
Carrefour SA (CRRFY) earnings time is at Jul 29, 2026, During Market Hours (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRRFY EPS forecast?
CRRFY EPS forecast for the fiscal quarter 2026 (Q2) is 0.13.