Carrefour Sa · EURONEXT:CA
Carrefour Sa — Q3 2026 Earnings Presentation
17 slides from Carrefour Sa's earnings presentation, Oct 20, 2026
Slide 1: Carrefour Q3 2026
Carrefour Q3 2026 October 20, 2026 October 20, 2026 1
Slide 2: Q3 2026 sales - Key highlights
Q3 2026 sales - Key highlights Solid Q3 performance, in line with H1 Rapid execution of Carrefour 2030 • Further price investments in France • +2.3% LFL sales in Q3 after +2.1% in contributing to improving price H1, driven by core countries image • Expansion of growth formats • France: +1.2% LFL. Al
Slide 3: Q3 2026 sales
Q3 2026 sales +3.9% +1.2% €22,694m +2.3% +1.3% €21,840m (0.2)% (0.7)% Q3 2025 LFL Scope & M&A Petrol Calendar Forex Q3 2026 Gross sales Gross sales Q3 2026 October 20, 2026 3
Slide 4: France: solid performance in a growing food retail market
France: solid performance in a growing food retail market LFL ex. petrol o/w legacy o/w ex-Cora YOY % Q3 2026 sales ex. calendar stores & Match Hypermarkets €5,684m +0.6% -0.6% +7.3% +0.8% €11,900m Total sales incl. VAT Supermarkets €3,916m +1.2% +1.0% +3.4% +2.1% Other formats €2,300m +2.8% +2.8% n
Slide 5: Spain: good momentum and supporting market
Spain: good momentum and supporting market Q3 2026 sales Dynamic market supported by volume €3,107m growth Total sales incl. VAT Solid commercial performance both in food (+1.8% LFL) and non-food (+3.2% LFL) Like-for-like Strong growth in convenience (+13% LFL) +2.1% alongside continued expans
Slide 6: Brazil: sequential improvement driven by acceleration at Atacadão
Brazil: sequential improvement driven by acceleration at Atacadão LFL ex. petrol YOY % Q3 2026 sales ex. calendar Atacadão €3,834m +2.0% +10.8% €5,144m Carrefour €993m -2.3% +3.9% Total sales incl. VAT Retail Sam's Club €317m +3.6% +11.4% Like-for-like +1.4% Sequential improvement in food sales gr
Slide 7: Other countries: +8.4% LFL driven by Belgium & Argentina
Other countries: +8.4% LFL driven by Belgium & Argentina LFL ex. petrol YOY % Q3 2026 sales ex. calendar Belgium €1,094m +2.3% +2.4% €2,542m Poland €519m -4.3% -8.7% Total sales incl. VAT Argentina €929m +24.2% +12.9% Like-for-like +8.4% Belgium: 3rd consecutive quarter of improvement in LFL sales
Slide 8: FY 2026 financial targets adjusted
FY 2026 financial targets adjusted Retailers entering critical weeks of year-end FY26 guidance FY26 guidance shopping Key financial targets presented in adjusted February Impact of the situation in France Recurring Operating Impact on trading and operating conditions with Growth Growth Income
Slide 9: Key takeaways
Key takeaways 1 Solid Q3 commercial performance, in line with Q2 and Group’s expectations 2 Rapid execution of Carrefour 2030 initiatives 3 Continued focus on commercial execution and cost discipline in Q4 4 FY 2026 financial targets adjusted Q3 2026 October 20, 2026 9
Slide 10: Appendix
Appendix Q3 2026 October 20, 2026 10
Slide 11: CSR – Q3 achievements
CSR – Q3 achievements Climate Health • Launch of an Emergency Action Plan for agricultural partners, in response to the • Enhancements to the Hopla AI assistant to heatwave of summer 2026 help customers eat healthier (healthier suggestions, shopping basket analysis) (adjusting product specifications
Slide 12: Q3 2026 gross sales
Q3 2026 gross sales Change at Change at LFL Organic growth Gross sales current constant ex. petrol ex. petrol (in €m) exch. rates inc. exch. rates inc. ex. calendar ex. calendar petrol petrol France 11,900 +1.2% +0.3% +2.2% +2.2% Hypermarkets 5,684 +0.6% -0.9% +0.8% +0.8% Supermarkets 3,916 +1.2% +0
Slide 13: Q3 2026 technical effects
Q3 2026 technical effects Calendar Petrol Forex France -0.3% +2.3% - Hypermarkets -0.3% +2.0% - Supermarkets -0.3% +2.3% - Others, inc. convenience -0.5% +3.3% - Spain -0.2% +0.9% - Brazil +0.1% +0.1% +7.8% Other countries -0.1% +0.0% -4.5% Belgium +0.1% - - Poland -0.6% +1.0% -1.4% Argentina +0.1%
Slide 14: 9 months 2026 gross sales
9 months 2026 gross sales Change at Change at LFL Organic growth Gross sales current constant ex. petrol ex. petrol (in €m) exch. rates inc. exch. rates inc. ex. calendar ex. calendar petrol petrol France 34,762 +1.2% +0.0% +1.9% +1.9% Hypermarkets 16,847 +0.7% -0.9% +0.5% +0.5% Supermarkets 11,421
Slide 15: 9 months 2026 technical effects
9 months 2026 technical effects Calendar Petrol Forex France -0.2% +2.2% - Hypermarkets -0.2% +1.7% - Supermarkets -0.2% +1.9% - Others, inc. convenience -0.1% +3.8% - Spain -0.2% +0.4% - Brazil -0.1% +0.2% +5.9% Other countries -0.1% -0.1% -10.1% Belgium -0.0% - - Poland -0.2% +0.3% -0.6% Argentina
Slide 16: Stores under banners at end Q3 2026
Stores under banners at end Q3 2026 Cash & Soft (#) Hypermarkets Supermarkets Convenience Sam’s Club Total Carry discount France 320 1,174 5,228 158 29 - 6,909 Spain 204 161 1,246 - 70 - 1,681 Brazil 104 26 141 389 - 58 718 Other countries 212 550 1,262 37 - - 2,061 Belgium 40 346 310 - - - 696 Pola
Slide 17: Disclaimer
DISCLAIMER This presentation contains both historical and forward- looking statements. These forward-looking statements are based on Carrefour management's current views and assumptions. Such statements are not guarantees of future performance of the Group. Actual results or performances may differ