François Digard's questions to Carrefour SA (CRRFY) leadership • Q2 2024
Question
François Digard asked for clarification on recent market share data, questioning the contribution from the Cora/Match acquisition and whether any ex-Casino stores were consolidated. He also inquired about the retail media venture, Unlimitail, asking if it is still in an investment phase or if it is already providing a substantial contribution to results.
Answer
Executive Alexandre Bompard clarified that the latest market share numbers included Cora and Match for one week out of four, and excluding them, market share was stable in volume. Regarding Unlimitail, he expressed enthusiasm for its rapid development across 13 countries and its growing client database, now second only to Amazon in Europe. However, he confirmed it is still in an investment and growth phase, as the European retail media market is less mature than in the U.S., but it is beginning to contribute.