French retailer Carrefour has reported a 4.4% increase in like-for-like (LFL) sales for the second quarter (Q2) of 2025 – an improvement from the 2.9% growth seen in Q1.
The retailer saw a 4.9% rise in food sales and a 1.4% increase in non-food sales on a LFL basis during this period.
The company experienced a turnaround in France, with sales growing by 2.1% on a LFL basis, compared to a decline of 1.7% in the previous quarter.
Spain also showed strong performance with a 2.9% LFL sales increase, up from 1.4% growth in Q1.
Brazil continued to demonstrate robust growth with a 4.4% LFL increase, although this was slightly lower than the previous quarter’s growth of 5.4%.
Brazil’s performance was against a high comparison base from the second quarter of 2024, which had seen a significant 6% growth compared to only 1.3% in the first quarter of that year.
Carrefour stated that it is making solid strides in integrating Cora & Match and remains on track to achieve its €130m synergy target set for 2027.
The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 1.1%, reaching €1.936bn, up from €1.916bn in the first half (H1) of 2024.
Carrefour chairman and CEO Alexandre Bompard stated: “Carrefour’s business saw a clear acceleration in the first half of 2025, driven by the momentum in its three core countries: France, Spain and Brazil. This semester was marked by a more supportive environment in Europe, ending a long period of pressure on volumes.”
“Building on this momentum and the remarkable work of the teams and our franchise partners, Carrefour is approaching the second half with confidence and confirms all of its financial targets for 2025.”
Carrefour has reaffirmed its financial targets for the full year 2025, anticipating slight increases in EBITDA, recurring operating income and net free cash flow.
In July 2025, Carrefour and Coopérative U established a European purchasing alliance called Concordis, with the objective of strengthening their negotiating capacity through the consolidation of purchase volumes. The alliance is intended to enable both retailers to offer better value to consumers.
In February, Carrefour disclosed plans to purchase all remaining shares of its Brazilian subsidiary, Grupo Carrefour Brasil, raising its ownership from the current 67.4% to a full 100%.
Carrefour is in exclusive talks with NewPrinces Group concerning the divestment of its Italian operations.
This transaction encompasses all of Carrefour’s business activities in Italy and is aimed at enabling the company to concentrate on its core markets within Europe and Latin America. The deal is expected to be finalised before the conclusion of the fiscal year 2025.
