Carrefour’s third-quarter sales growth slowed but the retailer maintained its 2025 financial targets.
The company on Wednesday said sales reached €22.6 billion ($26.36 billion), up 2.1% on a like-for-like basis, down from 4.4% in the second quarter. The revenue matched some market expectations.
In France, sales rose 0.7% year on year, slowing from 2.1% in the previous quarter. The weaker performance reflected price cuts at recently acquired Cora stores and tougher comparables from the 2024 Paris Olympics.
Carrefour said it will fund price reductions through a €1.2 billion cost-saving plan in 2025.
In Brazil, growth slowed to 1.1% from 4.4% in the second quarter as high interest rates weighed on consumption, particularly in the cash-and-carry segment.
Carrefour reaffirmed its 2025 targets for slight growth in EBITDA, recurring operating income, and net free cash flow.
sourceb :
