Carrefour surpasses Q2 sales due to France and Brazil

Carrefour, the largest retail food company in Europe, achieved a 1.9% increase in second-quarter sales, surpassing analysts' expectations of 1.6%. Growth in France, the company's biggest market, was the fifth consecutive quarter, with a 1% rise, supported by the return to growth in Brazil, where sales increased by 0.4%. Recurring operating profit for the first half of the year rose to €759 million, although slightly below the expected €779 million. Carrefour is aiming to strengthen its market share by reducing prices, achieving cost savings of €1 billion by 2030, and focusing on expanding the use of technology and artificial intelligence, with an operational profit margin target between 2.6% and 3.5% until 2030.

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