Carrefour Reports 4.4% Increase in LFL Sales for Q2 2025, Expects Slight Increases in EBITDA and Net Free Cash Flow for Full Year 2025

Carrefour reported a 4.4% increase in like-for-like (LFL) sales for Q2 2025, with a 4.9% rise in food sales and a 1.4% increase in non-food sales. France and Spain showed strong performance with 2.1% and 2.9% LFL sales growth, respectively, while Brazil's growth slowed to 4.4%. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 1.1% to €1.936bn. Carrefour reaffirmed its financial targets for 2025 and is set to acquire full ownership of Grupo Carrefour Brasil.

French retailer Carrefour has announced a 4.4% increase in like-for-like (LFL) sales for the second quarter (Q2) of 2025, marking a significant improvement from the 2.9% growth seen in the first quarter (Q1). The company's food sales rose by 4.9%, while non-food sales increased by 1.4% on a LFL basis during this period. Carrefour's performance in France and Spain was particularly notable, with sales growing by 2.1% and 2.9% respectively, compared to a decline of 1.7% in France during the previous quarter. Brazil, while maintaining robust growth, saw a slight decrease in LFL sales to 4.4%, down from 5.4% in the previous quarter [1].

Carrefour's earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose by 1.1% to €1.936bn in Q2 2025, up from €1.916bn in the first half (H1) of 2024. The company's chairman and CEO, Alexandre Bompard, attributed the strong performance to a more supportive environment in Europe and the momentum in its core markets. Bompard also reaffirmed Carrefour's financial targets for 2025, anticipating slight increases in EBITDA, recurring operating income, and net free cash flow [1].

Carrefour has made significant strides in integrating Cora & Match and is on track to achieve its €130m synergy target by 2027. The company has also established a European purchasing alliance called Concordis with Coopérative U, aimed at strengthening their negotiating capacity and offering better value to consumers. Additionally, Carrefour has disclosed plans to acquire full ownership of its Brazilian subsidiary, Grupo Carrefour Brasil, raising its ownership from the current 67.4% to 100%. The company has also reached a binding agreement with NewPrinces Group concerning the divestment of its Italian operations, with an enterprise value of approximately €1bn, to focus on its core markets within Europe and Latin America [1].

References:
[1] https://finance.yahoo.com/news/carrefour-posts-4-4-increase-154621759.html