Sign in

You're signed outSign in or to get full access.

CARREFOUR (CRRFY)

--

Recent press releases and 8-K filings for CRRFY.

Carrefour Agrees to Sell Italian Operations
CRRFY
M&A
  • Carrefour has agreed to sell its Italian operations, including 1,188 stores, to NewPrinces Group for an enterprise value of approximately €1 billion.
  • This strategic divestiture aims to enhance Carrefour's profitability and cash flow, as the Italian branch reported a €67 million operating loss last year and negative free cash flow. Carrefour Italia had revenues of approximately €3.7 billion as of December 31, 2024, with an EBITDA of €115 million.
  • The transaction is anticipated to close by the end of 2025, pending regulatory approvals.
  • Carrefour's CEO Alexandre Bompard's mandate was renewed, and the company reported solid quarterly results with a 4.4% comparable sales increase, despite ongoing profitability pressures.
Jul 24, 2025, 6:12 PM
Carrefour Q1 2025 Strategic Performance Update
CRRFY
M&A
Revenue Acceleration/Inflection
Guidance Update
  • Q1 sales performance: Carrefour reported total quarterly sales of EUR 22.7 billion (up 6.4% at constant currency) with like-for-like sales growth of 2.9%, reflecting steady execution amid competitive market conditions.
  • Key integration and cost initiatives: The company is progressing with the Cora & Match integration, targeting EUR 130 million in synergies by 2027, alongside executing its EUR 1.2 billion cost-saving program for 2025.
  • Loyalty and pricing strategy: The launch of Le Club Carrefour in January boosted membership to 14 million, supporting enhanced competitiveness through targeted price investments in France.
Apr 24, 2025, 4:16 PM