Carrefour Q1 FY25 performance matches outlook

GlobalData

Mon, Apr 28, 2025, 4:20 AM 3 min read

French retail elephantine Carrefour has announced that the group’s show for the archetypal 4th (Q1) of 2025 (FY25) aligns with the full-year outlook with like-for-like (LFL) income maturation of 2.9%.

The Q1 results showed stability, mirroring the show seen successful the preceding quarter.

Carrefour has maintained advancement connected its strategical plans contempt slow-moving European markets, which stay highly competitive. Consumer patterns showed small alteration from the adjacent of 2024.

The proportionality of own-brand products from Carrefour saw a flimsy increase, reaching 38% compared to 37% successful Q1 2024. The gross merchandise worth (GMV) for e-commerce surged 19%, with Brazil a important contributor.

In the French market, determination was a 1.7% LFL alteration successful quarterly sales, which included a 1.3% LFL dip successful nutrient income and a much pronounced 6.2% LFL driblet successful non-food sales.

Across Europe, determination was a humble 0.3% LFL uptick successful income during the aforesaid period, bolstered by a 0.9% LFL emergence successful nutrient income that helped counterbalance a 2.9% LFL contraction successful non-food sales.

Brazil experienced a robust 5.4% LFL summation successful quarterly income on with an enhancement of the Net Promoter Score by 7 points. Overall, erstwhile accounting for changeless speech rates, full income roseate 3.6% and Atacadão's quarterly income jumped by 6.9% LFL.

Carrefour has been expanding its web of convenience stores, opening an further 72 locations successful Q1.

Carrefour president and CEO Alexandre Bompard stated: “Carrefour’s show successful the archetypal 4th of 2025 is successful enactment with the erstwhile 4th and accordant with our yearly outlook. In a persistently challenging economical environment, we have, arsenic planned, launched caller terms concern campaigns successful astir of our countries and successfully rolled retired our caller loyalty programme, Le Club Carrefour, successful France. Solid performances successful France, Spain and Brazil item the effectiveness of our strategy focused connected purchasing powerfulness and lawsuit satisfaction.

“As a result, we maintained beardown commercialized momentum this 4th and reinforced our marketplace shares successful our cardinal geographies. Driven by the committedness of our teams and franchised partners, we are pursuing the execution of our strategical program with determination and reaffirm each our fiscal objectives for 2025.”

The company's nonstop vulnerability to caller planetary tensions remains minimal fixed the localised quality of Carrefour's operations.

Carrefour rtherefore reaffirms its objectives for 2025 and forecasts marginal increases successful EBITDA, recurring operating income and nett escaped currency flow.