家乐福Carrefour S.A.（CRERF）2025财年第三季度业绩演示报告「OTC」（英文版）（16页）.pdf

1、Q3 2025 SalesOctober 22nd,2025October 22,2025Q3 2025 SALES2Q1 2024:Solid execution of strategic roadmapGroup sales up+2.1%LFL in Q3 2025,with growth in France,Europe and LatamFood sales in Q3 reflect positive dynamics in France(1)and Spain,in line with Q2 France(1)food LFL:+2.2%in Q3,after+2.3%in Q2

2、 Spain food LFL:+2.4%in Q3,after+2.9%in Q2 French hypermarkets(1)confirm positive momentum after 2 years of price investments and improved customer satisfaction NPSup+3pts Food LFL+1.7%in Q3,after+1.2%in Q2 Stable market share in Q3Ongoing progress of the strategic review1.2bn cost savings target in

3、 2025 confirmedFY 2025 financial targets confirmed:Slight growth in EBITDA,Recurring Operating Income and Net FCF(1)Excluding Cora&Match,legacy perimeterQ3 2025:Key highlightsOctober 22,2025Q3 2025 SALES3Q3 2024Gross salesLFLExpansion&M&APetrolCalendarForexQ3 2025Gross sales(1.5)%+2.1%(0.1)%(2.8)%22

4、,962m22,614m(0.6)%(0.2)%Q3 total salesOctober 22,2025Q3 2025 SALES4FranceHypermarketsSupermarketsOther formatsQ3 Sales inc.VAT-0.2%-1.5%-0.6%+4.4%Variation vs.Q3 24+4.7%+0.7%-0.9%+0.7%LFL ex.petrolex.calendarSolid market trends in line with Q2,notably in September(+2.0%according to Worldpanel by Num

5、erator P10)LFL sales up+0.7%(+1.6%excluding Cora&Match),with food sales at+1.5%LFL and positive volumes;strong performance in market share in P10(Worldpanel by Numerator)with a+30bps gainHypermarkets(excl.Cora&Match)performing well LFL of+0.5%similar to Q2(+0.6%)Food LFL accelerating:+1.7%in Q3 afte

6、r+1.2%in Q2 Stable market share in Q3 Continued strong performance in convenience format despite high comps over summer due to the Paris 2024 Olympic Games;75 stores opened in Q3 France:Good momentum is confirmed11,643m5,641m3,834m2,168m+1.6%+0.5%+1.0%+4.7%LFL Ex-Cora&MatchOctober 22,2025Q3 2025 SAL