What were Carrefour's first-quarter like-for-like sales growth rates in France and Brazil, and what reason did the company give for Brazil's decline?

Carrefour's first-quarter like-for-like sales grew by 1.4% in France and declined by 0.8% in Brazil. The company attributed Brazil's decline to 'very high interest rates hitting consumers' spending power,' noting that the broader macroeconomic context there was marked by 'consistently negative food volumes.'

How did Carrefour's overall first-quarter revenue compare to analyst expectations, and what was the reported figure in euros and US dollars?

Carrefour's first-quarter revenue totaled 21.141 billion euros ($24.77 billion), falling short of the 21.83 billion euros expected by analysts according to a Visible Alpha consensus. The shortfall reflects weaker performance particularly in Brazil and softer-than-expected growth in France.

Carrefour Reports Weaker Than Expected First-Quarter Sales as Brazil Slows

Apr 22, 2026

Carrefour reported weaker-than-expected Q1 sales due to declines in Brazil and slower growth in France. Rising energy costs and high interest rates impacted consumer spending and profit margins across its markets.

reuters

2026-04-22

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Carrefour Reports Weaker Than Expected First-Quarter Sales as Brazil Slows

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