Carrefour Reports 2.1% Revenue Growth in Q3 2025
Carrefour announced a 2.1% growth in like-for-like sales for the third quarter of 2025, driven by positive dynamics in France and Spain, and growth in Latin America despite a challenging economic environment.
Detailed Financial Performance
According to the press release, Carrefour's revenue increased by 2.1% on a like-for-like basis in the third quarter of 2025, reaching 22,614 million euros, as reported by the Group. In France, the increase was 0.7% on a like-for-like basis, with food sales growing by 1.5% LFL. In Spain, revenue grew by 1.3% LFL, mainly due to food sales. In Brazil, despite a high-interest rate environment, Carrefour achieved a growth of 1.1% LFL, with a 1.3% increase for Atacadão. The Group's total sales, after accounting for currency and perimeter effects, decreased by 1.5%.
Strategic Transformations and Financial Planning
Carrefour has completed the transformation of its former Cora stores, aligning prices and integrating into the Group's promotional strategies, according to its strategic plan. The Group also confirmed a cost savings target of 1.2 billion euros for 2025. The sale of Carrefour Italy is expected to be concluded by the end of 2025, and the Group has already refinanced almost all of its debt in Brazil, which should improve net results starting in 2026. Additionally, Carrefour has launched a new European alliance, Concordis, by integrating RTG International group.
Continued Growth Amid Macroeconomic Challenges
Despite macroeconomic challenges, particularly in Brazil, Carrefour continues to grow in Europe. In France, efforts to improve store competitiveness and the successful integration of Cora have contributed to market share stabilization. In Latin America, rising interest rates have limited purchasing power, but Carrefour has maintained its growth momentum. The Group has reaffirmed its forecasts for 2025, expecting a slight increase in EBITDA, recurring operating income, and net free cash flow.
