Carrefour Reports 28% Net Income Rise, Plans Italy Business Sale

In the first half of 2025, Carrefour demonstrated solid sales growth and profitability improvements, with overall sales reaching €46.56 billion, up from €44.86 billion the previous year. The company reported a 4.4% like-for-like sales increase in Q2, supported by strong performances in Brazil, Spain, and France, where sales returned to growth after a period of decline. Carrefour's EBITDA rose modestly, though impacted by integration costs and currency fluctuations, while net attributable income increased significantly by 28%, reflecting improved operational efficiency and cost-saving measures. Strategically, Carrefour is advancing its portfolio by selling its loss-making Italian business to NewPrinces Group, pending regulatory approval, and acquiring full ownership of Carrefour Brazil. Despite a challenging 2024 in Spain marked by a sales decline and reduced profits, Carrefour remains optimistic about turning around that market with a multi-format expansion plan. The company reaffirmed its 2025 financial targets, including achieving over €1.7 billion in net free cash flow and executing a €4 billion cost-saving program, while also emphasizing its commitment to sustainability with a high CSR success rate.