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Carrefour is deeply undervalued vs. global peers, trading at an 8.5x forward P/E and offering a 7.4% dividend yield. CRRFY generates strong free cash flow (€1.3B in 2025) and targets €5B accumulated net free cash flow from 2026–2028, with a solid balance sheet. Despite low single-digit growth and higher geographical risks, CRRFY's real estate assets and resilient brand underpin its investment case.
Carrefour SA (CRRFY) Discusses Strategic Plan Focused on Market Leadership, Digital Transformation and Store Network Transcript
PARIS, Feb. 18, 2026 /PRNewswire/ -- Carrefour, a leading global food retailer, and Vusion, the global leader in digitalization solutions for physical commerce, today announce the signing of a strategic partnership. As part of its "Carrefour 2030" plan, Carrefour has chosen the Vusion platform to digitalize all of its hypermarkets and supermarkets in France by 2030.
The French retailer signed a partnership with AI company Vusion to digitize its hypermarkets and supermarkets in its home country.
Carrefour SA (CRRFY) Q4 2025 Earnings Call Transcript
Carrefour, Carmila, Unlimitail and JCDecaux join forces to accelerate the development of retail media across Carrefour and Carmila sites in France and Spain
Carrefour SA reported negative headline sales growth in Q3 2025, impacted primarily by euro strength. On a like-for-like basis and adjusted for calendar and petrol effects, CRRFY sales growth remains sound, particularly in Latin America. CRRFY recently completed a refinancing of debt in Brazil, with full-year effects only visible in 2026.
Carrefour faces mounting headwinds from weak sales growth, margin pressure and macro risks. Q3 results were dismal, with effectively flat growth in reported currency. With dividend sustainability in doubt and too many uncertainties clouding the investment case, CRRFY looks unattractive.
Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF)has bulked up its presence in France after snapping up a large portfolio of Carrefour supermarkets for €123 million, marking its biggest continental move to date and completing the redeployment of cash raised earlier this year. The company said it had acquired 20 supermarkets from Carrefour through a direct sale-and-leaseback agreement.
Carrefour SA (OTCPK:CRRFY) Q3 2025 Sales Call October 22, 2025 12:15 PM EDT Company Participants Matthieu Malige - Chief Financial Officer Conference Call Participants Frederick Wild - Jefferies LLC, Research Division Robert Joyce - BNP Paribas Exane, Research Division François Digard - Kepler Cheuvreux, Research Division Geoffroy Michalet - ODDO BHF Corporate & Markets, Research Division Sreedhar Mahamkali - UBS Investment Bank, Research Division Presentation Operator Good day, and thank you for standing by. Welcome to the Carrefour Q3 2025 Sales Conference Call.
Carrefour (CRERF) is leveraging cost-cutting and private-label expansion to drive market share while doing a good job of sustaining profits. The acquisition of Cora & Match strengthens its French presence, with expected annual synergies of €130 million and more profits once lapping integration costs. The relatively new convenience store initiative has been effective in supporting LFL growth in France and the rest of Europe.
Italian food and beverage manufacturer Newprinces said on Friday it would consider other acquisitions, if the opportunity arises, after buying Carrefour's loss-making business in Italy.
Carrefour , Europe's biggest food retailer, is in exclusive talks to sell its loss-making business in Italy to NewPrinces Group, it said on Thursday, as part of a strategic review kicked off earlier this year.
Carrefour is transforming into a higher-margin, omnichannel platform, leveraging private-label growth, and cost savings to boost profitability. The market undervalues Carrefour, ignoring its retail media potential, private-label expansion, and successful cost-saving programs, despite trading at a deep discount and offering a 9% yield. Risks include fierce price competition in Europe and FX volatility in Latin America, but operational improvements and new revenue streams support a positive outlook.
Carrefour has seen persistently weak growth in France and Europe, which account for 75% of all sales. Performance in Latin America has been more robust, but currency losses have muted reported results in Euros. Even so, Carrefour manages to deliver stronger sales in Q1 2025, driven largely by recent M&A. A low payout ratio should allow Carrefour to pursue external growth in the future.
The grocer sold a 7% shareholding in Carmila for $194.5 million as part of a strategic review of its portfolio.