Carrefour reports strong Q1 sales growth in Europe, plans cost savings and asset review.

From Yahoo Finance: 2025-04-24 11:57:00

Carrefour, Europe’s largest food retailer, reported higher first quarter sales with solid performance in Brazil and improving sales in France. Sales reached 22.674 billion euros, growing 2.9%. The company kept its 2025 profit targets intact, expecting slightly higher earnings and cash flow. In France, sales declined 1.7% but showed improvement from the previous quarter. Carrefour plans to fund price cuts with a cost savings plan of 1.2 billion euros. In Brazil, sales rose 5.4%, driven by Atacadao stores. Carrefour is reviewing its asset portfolio, including its Brazilian unit Atacadao SA.

Read more: Carrefour keeps 2025 goals, French sales improve in Q1