Carrefour reported 7.5% revenue growth and 9.2% gross profit growth in the first half of fiscal 2025. Like-for-like sales were up 3.7% overall, with Europe up 1.3%, Latin America up 10.9%, and France up 0.2%. Despite a 20 basis point decrease in recurring operating margin, the firm achieved EUR 610 in cost savings.

Carrefour is focusing on strategic initiatives, such as acquiring Carrefour Brazil, creating a European buying alliance, and selling its Italy business. Management confirmed targets for slight growth in EBITDA, recurring operating income, and net free cash flow. Shares are currently undervalued based on Morningstar’s EUR 17 per share fair value estimate.

Read more at Morningstar: Top-Line Acceleration Supported by Improving Environment in Europe