Half Year 2026 Carrefour SA Earnings Call Transcript
Key Points
- Carrefour (CRERF) reported a solid performance with sales up, driven by strong e-commerce and commercial dynamics.
- The company confirmed all its financial targets for the year, with recurring operating income growing in its three main countries.
- Carrefour (CRERF) successfully completed the disposal of Carrefour-Romania, aligning with its geographical focus strategy.
- The rollout of Vision's AI technology in hypermarkets led to added sales and productivity improvements.
- Carrefour (CRERF) saw positive momentum in France and Spain, with sales up across all formats and improved price positioning.
- The macroeconomic environment in Brazil remains complex, impacting consumer purchasing power and resulting in negative volumes.
- In Argentina, challenging market conditions and pressure on consumer purchasing power negatively affected operating performance.
- Poland's competitive environment led to a decline in sales, with the company needing to implement strict cost control measures.
- Non-recurring expenses increased, reflecting a more usual level compared to the previous year, impacting overall financial performance.
- The integration of Cora and Match stores resulted in losses, with expectations for breakeven still uncertain.
Good day and thank you for standing by. Welcome to the call for half year 2026 results conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, please press *11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press *11 again.
Please note that today's conference is being recorded. I would now like to end the conference. To your speaker, Mr. Alexandre Bompard, Chairman and CEO of CARFO. Please go ahead.
Thank you. Good evening, everyone, and thank you for joining us today to discuss our first half of 2026.
This semester was marked by the elaboration of our new strategic plan, CARFO 2030. That we had carefully and extensively prepared with all our teams.
It has also been a very active semester in terms of communication and investor engagement around
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