Carrefour Groupe: The latest figures, news and market research on Carrefour Groupe

Turnover: 94.13 billion EUR (2023)

Country: France

Headquartered in France, Carrefour is the world's number 2 supermarket chain. Founded in 1959 in Annecy , it is present not only in Europe, but also in Latin America and Asia. A pioneer of the hypermarket model, it is also present in the following niches: supermarkets , convenience stores and self-service wholesale.

Carrefour hypermarkets, with over 250 outlets, will generate sales of €21.6 billion in France in 2021.

Carrefour Market stores will generate sales of 16.4 billion euros in France in 2021, with over 1,000 outlets. Carrefour Proxi franchises generate sales of 7.4 billion euros, with around 4,300 stores.

News

Carrefour has switched to the more dynamic franchising model 21/02/2024

- Carrefour has passed the tipping point towards a model based increasingly on franchising.
- By 2023, half of its sales in France will come from franchised or leased stores.
- As part of this strategy, Carrefour has added 653 neighbourhood stores by the end of 2023.
- In 2023, Carrefour recorded sales of €94.13 billion, up 10.4% on the previous year.
- Carrefour-branded products now account for 36% of food sales, up from 33% in 2022.
- Carrefour's e-commerce sales volume rose by 26% to 5.3 billion euros (+16% in France).
- Carrefour plans to acquire 60 Cora hypermarkets and 115 Match supermarkets for a hefty billion euros in 2024.

80 Carrefour hypermarkets operated under franchise or leasing agreements 14/11/2023

On October 20, Carrefour announced its intention to switch 37 stores (comprising 15 hypermarkets and 21 supermarkets) to lease management.
Since 2018, 80 hypermarkets have left integrated status, representing around a third of all hypermarkets.
Around 75% of supermarkets (784 out of 1038) are currently leased or franchised.

Carrefour to lease out 37 stores 21/10/2023

Carrefour plans to lease out 37 new stores in 2022, 16 hypermarkets and 21 supermarkets.
Around 4,000 employees affected
The company launched an outsourcing program in 2018.
The number announced is in line with previous years: 41 stores (including 16 hyper) in 2023, 43 stores (including 16 hyper) in 2022, and 47 stores (including 10 hyper) in 2021.
Since Alexandre Bompard took over as CEO, 305 stores, including 80 hypermarkets, have been outsourced, affecting more than 23,000 employees.

Food: Carrefour joins forces with seven manufacturers to promote plant-based products 07/09/2023

The aim of the international coalition to accelerate sales of plant-based alternatives is to achieve joint sales of 3 billion euros in this niche by 2026.
Carrefour's share will be 500 million euros, a 60% increase on today's figure.
Plant-based alternatives represented a market worth 553 million euros in 2022
Sales of plant-based products are enjoying double-digit growth.

Carrefour takes over Cora to avoid being left behind in France 13/07/2023

Carrefour acquired 60 Cora hypermarkets and 115 Match supermarkets.
The acquisition cost was 1.05 billion euros.
The acquired store networks have a strong presence in the Grand Est and Northern regions of France.
With this acquisition, Carrefour's sales will increase by 5.2 billion euros, adding to the 42 billion euros it currently generates in France.
Carrefour will take over 55 hypermarkets and 77 supermarkets.
The combined market share of Carrefour and Cora will reach 22.6%, competing closely with Leclerc (22.4%).
Carmila, the real estate company in which Carrefour holds a 36% stake, has reached an agreement to take over Louis Delhaize's 93% stake in Galimmo, a company owning 52 shopping arcades adjacent to Cora stores.

Voluntary redundancy plan at Carrefour 27/06/2023

979 voluntary departures from head offices in France
85,000 employees in France (over 100,000 including franchised stores)
Sales 2022: 90.8 billion euros (up 16%)
Net profit 2022: 1.35 billion euros (up 26%)
Approx. 1 billion euros in annual cost savings

Carrefour celebrates sixty years since the birth of the hypermarket | Soixante ans de hypermarché Carrefour 14/06/2023

Opening of the first Carrefour hypermarket in France on June 15, 1963 in Sainte-Geneviève-des-Bois.
The hypermarket format accounted for 58% of Carrefour sales in 2012, falling to 49% by 2022.
Carrefour no longer develops new hypermarkets and sells units in deficit to franchisees.
243 hypermarkets in France

Carrefour, with hypermarket rescuers and tenant managers 14/12/2022

In 2018, Carrefour's CEO announced the use of lease management
An independent leases the premises and goodwill to avoid selling stores with chronic deficits
48 of the 253 hypermarkets have been leased out, with 15 to follow in 2023
There's no shortage of candidates for the venture, many of them former in-house managers
Eventually, the aim is to move from lease management to franchising, in a 50-50 partnership with Carrefour.

Financial Data

DUNS: 451321335

Legal Name: CARREFOUR HYPERMARCHES

Address: 1 RUE JEAN MERMOZ ZAE SAINT GUENAULT, 91000 EVRY-COURCOURONNES

Number of employees: Plus de 10 000 salariés (2020)

Capital: 20 000 000 EUR

Financial Data:

Year	2021	2020	2019	2018	2017	2016	2015
Turnover	13 944 867 643	14 216 327 857	14 322 807 338	14 795 377 282	14 972 715 661	15 425 348 475	15 859 242 005
Gross margin (€)	4 026 524 153	3 977 464 249	4 052 931 969	4 044 681 788	4 264 642 888	4 394 110 910	-
EBITDA (€)	-124 055 725	-340 042 790	-350 008 704	-295 073 281	29 999 573	148 654 624	-
Operating profit (€)	-498 268 771	-709 212 213	-759 616 915	-689 081 965	-348 522 837	-221 733 322	-
Net profit (€)	-428 488 929	-424 465 939	-914 447 902	-674 280 140	-234 224 200	-99 285 560	90 007 971
Turnover growth rate (%)	-1,9	-0,7	-3,2	-1,2	-2,9	-2,7	-
Ebitda margin rate (%)	-0,9	-2,4	-2,4	-2	0,2	1	-
Operating margin rate (%)	-3,6	-5	-5,3	-4,7	-2,3	-1,4	-
Working Capital (turnover days)	-9,1	-0,3	-35,8	-19,4	-13	-9,5	-
Working Capital requirements (turnover days)	-5,7	-4,2	-4,1	-4,5	-5,4	-9,1	-
Net margin (%)	-3,1	-3	-6,4	-4,6	-1,6	-0,6	-
Added value / Turnover (%)	13,5	12,7	12,8	13,3	14,9	14,9	-
Wages and social charges (€)	2 123 745 605	2 184 323 398	2 197 968 739	2 243 364 344	2 161 909 229	2 125 966 652	-
Salaries / Turnover (%)	15,2	15,4	15,3	15,2	14,4	13,8	-