REGULATED PRESS RELEASE

from CARREFOUR (EPA:CA)

Carrefour Q1 2024 Sales Press Release

image

 LFL sales up +13.5% in Q1 2024

 Sound execu on of strategic ini a ves

 Full-year 2024 financial targets confirmed

●    Like-for-like sales growth of +13.5% in Q1

●    Broadly  stable  sales  in  France  (-0.4%  LFL)  and  the  rest  of  Europe  (-0.2%  LFL) ,  reflec ng  the  slowdown  in  infla on  and  price investments, while volumes remained under pressure

●    Inflec on  in  Brazil,  with  sales  up  +1.3%  LFL  in  Q1  (a er  -2.2%  LFL  in  Q4),  notably  thanks  to  good  performance  at  Atacadão  (+1.8%  LFL)  and  Sam’s  Club  (+6.9%  LFL)  and  to  the  con nued  ramp-up  of  ex-BIG  stores  converted  to  Atacadão

 (+21% LFL)

●    Intensified  price  investments  in  France  and  the  rest  of  Europe,  supported  by  the  strategic  ini a ves  of  the  Carrefour  2026 plan and reinforced cost savings plan, raised to €1.2bn in 2024 (vs. €1.0bn)

●    Sound execu on of strategic ini a ves in Q1  o     Con nued progress from Carrefour-branded products, reaching 37% of food sales (vs. 35% in Q1 2023)  o           Strong +33% growth in e-commerce GMV, notably driven by Brazil

 o             Strong NPS® increase of more than 6 points, including +8 points in France, notably driven by price percep on  o       Ramp-up of Eureca, Carrefour’s European purchasing pla orm, now including 20 partner suppliers

●    Full-year  2024  financial  targets  confirmed :  Growth  in  EBITDA  and  Recurring  Opera ng  Income;  Net Free Cash Flow  in  line with the Carrefour 2026 plan trajectory

●    Carrefour  has  ini ated  its  €700m  share  buyback  program  with  €428m  secured  to  date ,  including  €365m  related  to  the  buyback of 25 million shares from Galfa

 Alexandre  Bompard,  Chairman  and  Chief  Execu ve  Officer,  declared:  “In  the  first  quarter,  Carrefour  Group  demonstrated  resilience  in  Europe  against  a  backdrop  of  con nued  pressure  on  purchasing  power.  The  Group  also  recorded  very  clear  signs  of  recovery  in  Brazil,  notably  in  its  Atacadão  and  Sam’s  Club  formats.  In  order  to  strengthen  our  compe veness  while  protec ng  our  economic  model,  we  are  heightening  our  cost-reduc on  dynamic  and will   accelerate price   reduc ons  throughout  2024  in France   and  the rest   of Europe.   Further progress   in  implemen ng  our  strategic  plan  enables  the  Group  to view the rest of the year with confidence and to confirm its full-year 2024 targets.”

 FIRST-QUARTER 2024 KEY FIGURES

First-quarter 2024 

 Total varia on

 6,155

 -0.2%

 +2.4%

 +1.8%

 6,000

 +48.0%

 +2.7%

 +47.8%

 22,156

 +13.5%

 +0.4%

 +12.1%

 75

 Group  (pre-IAS 29)

image La n America  (pre-IAS 29)

                       IAS 29              

image                       Group  (post-IAS 29)                               22 ,230

 Notes: (1) Excluding petrol and calendar effects and at constant exchange rates; (2) Hyperinfla on and foreign exchange in Argen na

 STRATEGIC INITIATIVES PROGRESSING WELL IN Q1 2024

 Carrefour  is  staying  the  course  against  a  backdrop  marked  by  a  sharp  slowdown  in  food  infla on  in  all  European  countries, further trading down and con nued pressure on volumes.

 In this context, the Group made new advances in the implementa on of the Carrefour 2026 plan:

●     Carrefour-branded  products  con nued  to  show  strong  progress,  reaching  37%  of  food  sales  vs.  35%  in  Q1 2023 , supported by growing popularity (voted favorite retailer brand in France for the 4th successive year)

●     European  mutualiza on  con nues,  with  a  strong  ramp-up  of  Eureca,  the  European  purchasing  pla orm,  and the roll-out of shared services

●     Digital  ini a ves  con nued  to  bear  fruit,  with  a  +33%  increase  in  e-commerce  GMV  in  Q1  and  further  advances in the Data and Retail media ac vity

 In  the  first  quarter,  the  Group  strengthened  investments  in  its  compe veness in  France   and the   rest of   Europe,  with  new  price reduc on  campaigns.  This   reposi oning is   already  no ceable  in  a strong  NPS®  increase  at  Group   level  (+6  points) driven  by  improving  price  percep on.  Carrefour   plans  to  increase  its  investments  throughout 2024  and   is giving  itself  the   necessary  means  to  implement  this policy  while  protec ng   its economic model, raising its cost saving objec ve to €1.2bn from €1.0bn ini ally. 

In  Brazil,  the   quarter  was  marked by   a  sequen al  improvement  in  ac vity and  by  the  good  performance   of  converted  former  Grupo  BIG  stores, contribu ng  strongly  to  growth   in sales  and   profitability.  At  the same  me,   the  Group  ini ated  the conversion  wave  of  40   Carrefour hypermarkets  to  Atacadão  and  Sam’s  Club  formats,  to   be  finalized  by  2026  (including  20  in  2024),  with  5  stores already   reopened in  Q1   and  9 undergoing  conversion  work. 

 Carrefour  is also                  making further                  progress in         CSR,       notably                 on            climate     and         diversity,  with the          implementa on                  of            a  proac ve promo on policy on diversity. 

 The  Paris  2024  Olympic  and  Paralympic Games,  for   which  Carrefour is  a  premium  partner,   are  an  unprecedented showcase   for  the  promo on  of our  values,  par cularly  on  inclusion   and  disability,  and  for  the Group’s  “raison  d'être,”  the   food  transi on  for  all.  Carrefour  will provide   all fresh   products used   for  the  athletes' meals  at  the  Olympic  and  Paralympic  Village.  Carrefour   will  sell  with  exclusivity  more  than  400 products  under  the  Paris  2024 license.   This  partnership also   brings  together  all Group  employees,  including  those   working  in franchise   stores, who  took  part  in  a   major internal  cohesion   project  around sport   during the  “Big Carrefour Tournament.” 

 The Group  is  moving  forward   with  confidence.  Strategic  ini a ves  in  Europe   are bearing  fruit;  ac vity   is  significantly  improving  in  Brazil,  driven  both by  a  more  buoyant  market  environment  and   the  ramp-up  of  converted stores.   In this   context,  Carrefour  confirms  its  financial  targets for   2024:  Growth  in EBITDA   and  Recurring Opera ng Income; Net Free Cash Flow in line with the Carrefour 2026 plan trajectory.

 FIRST-QUARTER 2024 SALES INC. VAT

 First-quarter  sales  inc.  VAT  increased  by  +13.5%  on  a  like-for-like  basis  (LFL).  They  reached  €22,156m  pre-IAS 29,  an  increase  of  +12.1%  at  constant  exchange  rates.  This  increase  includes  a  nega ve  petrol  effect  of  -2.3%,  and  a  calendar  effect  of  +1.4%,  mainly  linked  to  the  leap  year  and  the ming   of  Easter  in  the  first  quarter  this year.  A er  taking  into   account  a  nega ve exchange   rate  effect  of  -11.8%, mainly  reflec ng  the  deprecia on   of  the  Argen nian  Peso,  total  sales growth   at  current  exchange  rates  amounted  to  +0.4%. The   impact of the applica on of IAS 29 was +€75m.

 LFL

image

 Q1 2024

image

 France

 -0.4%

 Europe

 -0.2%

 La n America

 +48.0%

 Group

 +13.5%

 management.

 LFL

image

 Q1 2024

image

 Hypermarkets

-1.3   %

 Supermarkets

+0.1 %

 Convenience/other formats

+0.8 %

 o/w Convenience

 +0.2%

 France

       -0.4 %

 In  France ,  Q1  LFL  sales  were  slightly  down,  by  -0.4%,  reflec ng  LFL  food  growth  of  +0.4%  while  non-food  sales  were  down  -7.5%  LFL.  This  performance  comes  in  a  context  of  slowing  infla on  and  con nued  pressure  on  volumes.  Carrefour  con nued  to  invest  in  its  compe veness,  with  price  reduc ons  on  more than   700 products at  na onal  level  during  the  quarter,   the  announcement  of  new  price  reduc on waves  every  fortnight,  star ng  with  an   average  10% reduc on   on  100 everyday   products  on  April  1 st   ,  and  mul ple  addi onal  price ini a ves   at  store level.   Customer sa sfac on  has  improved  strongly  in  France,   with  an  NPS®  increase  of  +8pts  year-on-year.  At  the  same  me,  Carrefour  is  con nuing  to  transform  the way   it operates  its  stores   in  France,  with 6   of the  16   hypermarkets  scheduled  for transfer   in  2024 already   switched to  lease 

 In  Europe ,  sales  are  broadly  stable  (-0.2%  LFL  in  Q1).  The  sequen al  decelera on  reflected  the  general  slowdown in food infla on over the quarter, while the Group strengthened its price investment policy.

●     In  Spain  (+0.7%  LFL),  Carrefour  maintained  solid  momentum  in  food  (+1.2%  LFL)  and  posted  a  slight  decline in non-food (-1.2% LFL). NPS® was up +6 points year-on-year

●     In  Italy  (-1.4%  LFL),  sales  were  slightly  down  over  the  quarter  in  a  market  marked  by  decreasing  volumes

●     In  Belgium  (-0.2%  LFL),  sales  were  broadly  stable.  A er  +4.3%  LFL  sales  growth  in  January/February  with  an  increase  in  volumes,  confirming  excellent  commercial  momentum,  sales  decreased  in  March  (-7.6%  LFL)  on  an  excep onally  high  comparable  base  (+16.8%  LFL  in  March  2023)  linked  to  major  disrup ons last year at a compe tor

●     In  Romania  (+1.7%  LFL),  Carrefour  con nued  to  report  solid  sales  growth  despite  a  high  comparable  base  (+12.5%  LFL  in  Q1  2023)  and  a  sharp  slowdown  in  infla on.  Total  sales  increased  by  +15.0%  at  constant  exchange  rate,  notably  driven  by  the  integra on  of  the  Cora  stores  acquired  in  Q4,  which  benefit from Carrefour’s commercial model, with first synergies already visible

●     In  Poland  (-4.2%  LFL),  the  sales  decrease  came  amid  a  par cularly  difficult  market  environment,  with  heightened compe on since the beginning of the year

                                                                    LFL                                                                     Q1 2024

image

                                                                    Spain                                                                    +0.7%

                                                                    Italy                                                                      -1.4%

                                                                    Belgium                                                              -0.2%

 Romania           +1.7%  Poland    -4.2%

 Europe (excl. France)

 -0.2%

 In  La n America , like-for-like  sales were up +48.0%.

●     In Brazil  ,  LFL  sales  rose  by +1.3 %  in  Q1,  returning  to  growth  a er  three  quarters  of  decline.  Ac vity  has  improved  significantly  month  a er  month,  with  +3.7%  LFL  sales  growth  in  March.  This  good  performance  reflects  improved  commercial  momentum  in  all  formats,  with  a  recovery  in  volumes,  amid  a  return  to  slightly  posi ve  food  infla on.  Total  sales  grew  by +2.5 %  at  constant  exchange  rate.  The foreign exchange effect was a favorable +3.7% in the quarter.

o   Atacadão  sales  were  up  +6.6%  at  constant  exchange  rate  in  Q1  2024,  driven  by  LFL  sales  up  +1.8%  and  expansion  with  20  new  stores  opened  in  the  last  12  months.  This  good  momentum  notably  reflected  recovery  in  BtoB  business  and  the  success  of  commercial  ini a ves  such  as

 the  roll-out  of  in-store  service  counters  (bakery,  butchery,  cold  cuts).  58  stores  now  offer  those  services  (vs.  19  in  December  2023),  which  will  con nue  to  be  rolled  out  to  approximately  120  stores  by  year-end.  Ex-Grupo  BIG  stores  converted  to  Atacadão  con nued  their  rapid  ramp-up,  with +21% LFL growth in Q1

o   Carrefour  Retail  sales  (-1.4%  LFL)  also  showed  sequen al  improvement  since  Q4  2023  (-5.5%  LFL),  with  a  return  to  posi ve  territory  in  March.  Non-food  sales  posted  solid  growth  over  the  quarter  (+2.4%  LFL).  The  store  por olio  adjustment  is  concluded,  with  123  stores  (16  hypermarkets and 107 supermarkets) sold or closed at end-March

o   Sam’s  Club  sales  con nued  their  excellent  momentum  (+6.9%  LFL),  benefi ng  from  a  sharp

+33.5        % increase in ac ve members vs. March 2023  o  E-commerce  GMV  con nued  to  post  strong  growth  in  Q1  (+52%),  driven  by  a  +78%  increase  in  food

o   Financial  services  maintained  solid  growth,  with  billings  up  +16%  and  a  +22%  increase  in  credit  por olio  in  Q1,  notably  reflec ng  the  recruitment  of  new  customers  in  recently-converted  stores

●     In  Argen na  (+265.0%  LFL),  Carrefour  con nued  to  report  very  strong  growth  in  a  context  of  hyperinfla on. The Group also strengthened its price posi oning leadership

 LFL

image

 Q1 2024

image

 Brazil

+1.3   %

 Atacadão

 +1.8%

 Carrefour Retail

-1.4   %

 Sam’s Club

 +6.9%

 Argen na

 +265.0%

 La n America

 +48.0%

 COMPLETION OF ACQUISITIONS

 The  comple on  of  several  acquisi ons,  announced  in  recent  months,  already  took  place  or  is  expected  this  year:

●     In  Spain,  Carrefour  completed  the  acquisi on  of  supermarkets  and  convenience  stores  under  the  SuperCor  banner  from  El Corte Inglés  on  April  9.  The  transac on  includes  43  stores  for  a  revised  enterprise  value  of  €53m  (compared  to  the  announcement  of  €60m  for  47  stores).  Stores  will  be  rapidly  converted  to  Carrefour  Market,  Carrefour  Express  and  Supeco  formats,  with  the  first  reopenings  expected in early May

●     In  France,  the  acquisi on  of  25  ex-Casino stores   out  of  the  31  announced  on  January  24 is   expected  to  be  completed  on  April  30.  It  is  subject  to  Casino’s  ability  to  li  the  condi ons precedent   a ached  to  the  transfer.  The  effec ve  acquisi on  of  the  remaining  stores  from  Intermarché  is  expected  in  the  second half of the year

●     The closing of the acquisi on of Cora and Match banners in France is s ll expected by summer 2024

 IMPLEMENTATION OF THE €700M SHARE BUYBACK PROGRAM

 The Group ini ated the new share buyback program announced in February for an amount of €700m.

 29,041,471  shares  were  repurchased  since  March  4,  for  a  total  amount  of  €428m,  including  4,041,471  shares  at  an  average  price  of  15.68  euros  and  the  buyback  of  25  million  shares  (c.3.5%  of  the  share  capital)  from Galfa,   for  an  amount of   €365m  [1]  ,  as  announced  on  March  26,  2024.  As  a  reminder,  these  25  million  shares  will  be  delivered  a er  payment  of  the  dividend  for  the  financial  year  2023  (subject  to  approval  of  the  Annual  General Mee ng on May 24, 2024).

 On  April  24,  2024,  the  Board  of  Directors  decided  to  cancel  16,844,310  shares.  To  date,  the  number  of  shares  making  up  the  share  capital  therefore  amounts  to  691,946,506,  including  2,395,286  treasury  shares.  The  total  number  of  outstanding  shares  as  of  April 24,  2024  thus  amounts  to  689,551,220 ,  of  which  25  million  shares  repurchased and not yet delivered to date.

 FURTHER PROGRESS IN CSR

 In  the  first  quarter,  Carrefour  con nued  to  implement  strong  CSR  commitments,  in  line  with  the  Carrefour  2026 plan:

●     Climate  change  -  In  January  2024,  Carrefour  énergie s  ini ated  a  partnership  with  Octopus  Energy  in  France,  with  the  aim  of  offering  its  customers  an  ultra-compe ve French   green  electricity  offer, thus  pursuing its ac ons in favor of the energy and environmental transi on 

●     Diversity   -  Carrefour  has  launched  an  unprecedented ac on   plan in   France  to  reinforce  diversity  of  origin among   its  managers.  Based  on  an extensive   in-house  survey  of Group  employees   in France,  to  which   almost  20,000 responded,  this   ac on  plan  is founded   on  four  complementary pillars:  training  in  non-discrimina on  and   diversity  awareness,  crea on  of a   community  of role   models,  recruitment  and  promo on  of  candidates from   diverse  backgrounds,  notably in   conjunc on  with specialized  associa ons 

●     Responsible consump on   -  The  Group  has  launched  the  Restart  project,  a  key  project  enabler  for  responsible  consump on,  with  the  aim  of  tes ng and  deploying   best  prac ces for   more sustainable  and   inclusive  stores.  Topics include   an -waste, packaging,   climate,  second-hand, nutri on,  accessibility  and diversity 

●     Carrefour  Founda on  -  In  January  2024,  the  Carrefour  Founda on  began  a  new  mandate,  now  focused  on the fight against food insecurity, in the current context of increasing needs of food aid associa ons

 AGENDA

●     Annual General Mee ng: May 24, 2024

●     Q2 sales and H1 2024 results: July 24, 2024 (a er market close)

●     Q3 sales: October 23, 2024 (a er market close)

 CONTACTS

 Investor Rela ons

 Sébas en Valen n, Anthony Guglielmo and Mathilde Novick

 Tel: +33 (0)1 64 50 82 57

 Shareholder Rela ons  

 Tel: 0 805 902 902 (toll-free in France)

 Group Communica on

 Tel: +33 (0)1 58 47 88 80

 APPENDIX  First-quarter 2024 sales inc. VAT

 Varia on ex petrol ex

 Total varia on inc. petrol

                                                                                      Sales                            calendar

( €m)

 LFL

 Organic

 France

 10,000

        -0.4 %

-1.8 %

 Hypermarkets  Supermarkets

4 ,807

        -1.3 %

-3.0 %

3 ,392

        +0.1 %

-0.5 %

 Convenience /other formats

1 ,802

        +0.8 %

-0.7 %

 Other European countries

 6,155

        -0.2 %

-0.3 %

 Spain

2 ,716

        +0.7 %

+0.6 %

 Italy

1 ,035

        -1.4 %

-3.0 %

 Belgium

1 ,102

        -0.2 %

-0.2 %

 Romania

       725  

        +1.7 %

+3.7 %

 Poland

       576  

image

        -4.2 %

-4.7 %

 La n America  (pre-IAS 29)

 6,000

      +48.0 %

+47.8 %

     -2.1 %

-2.1   %

     -3.8 %

-3.8   %

     +2.4 %

+1.8 %

+2.7   %

+47.8   %

                                                                                   inc. VAT                                                                 image

                                                                                                                                                                         at current     at constant

 exchange               exchange  rates                 rates

                                                                                                                                                                            -0.1 %               -0.1 %

                                                                                                                                                                            -1.3 %               -1.3 %

                                                                                                                                                                            +0.2 %              +0.2 %

                                                                                                                                                                            -1.2 %               -1.2 %

                                                                                                                                                                            +1.3 %              +1.3 %

                                                                                                                                                                           +13.7 %           +15.0 %

                                                                                                                                                                            +9.4 %              +0.6 %

                Brazil                                                          5 ,168      image       +1.3 %              +1.6 %                  +6.2 %              +2.5 %

 Argen na  (pre-IAS 29)

 832

 +265.0%

 +272.3%

 -14.7%

 +274.5%

 Group total  (pre-IAS 29)

 22,156

 +13.5%

 +12.8%

 +0.4%

 +12.1%

 IAS 29  (1)

 75

               Group total  (post-IAS 29)                  22,230

image

 Note: (1) hyperinfla on and foreign exchange

 Technical effects – First-quarter 2024

 Foreign

                                                                                                                 Calendar            Petrol

 exchange

 France

        +1.4 %

-1.7 %

 Hypermarkets  Supermarkets

        +1.6 %

-2.4 %

        +1.5 %

-1.1 %

 Convenience /other formats

        +0.8 %

-1.2 %

 Other European countries

        +1.5 %

-0.5 %

        +0.6 %

 Spain

        +0.6 %

-1.0 %

 Italy

        +2.3 %

-0.5 %

 Belgium

        +1.5 %

 Romania

 +1.6%

 -0.1%

 -1.2%

 Poland

 +4.3%

 +1.0%

 +8.8%

 La n America

 +1.2%

 -1.2%

 -45.1%

 Brazil

 +1.0%

 -0.1%

 +3.7%

 Argen na

 +2.2%

 -

 -289.2%

 Group total

        +1.4 %

-2.3 %

       -11.8 %

 Change in the company’s share capital

 Dec. 31 2023

 Apr. 24 2024

 Total number of shares

 708,790,816

 691,946,506

 Shares bought back for cancella on

 12,802,839

 -

 Other treasury shares

 4,806,686

 2,395,286

 Total number of outstanding shares

 691,181,291

 689,551,220  [2]

 Expansion under banners – Q1 2024

 Closures/  Openings/

                                             Dec. 31                                                                                      Store

                                                                                Store                  Acquisi ons                                         Q1 2024 change        Mar. 31 2024

                                                2023                                                                                                          reduc ons/

 enlargements

 Thousands of sq. m                                                                                                            Disposals

 France

5 ,697

+14  

+2             

-16  

5 ,697

 Europe (ex Fr)

5 ,937

+42  

-24  

+18          

5 ,955

 La n America

3 ,951

+7  

-152         

-144         

3 ,807

 Others (1)                        

2 ,113

+66  

+66          

2 ,178

 Group

17 ,698

+129        

+2             

-192         

-61  

17 ,638

 Note: (1) Asia, Africa, Middle East and Dominican Republic

 Store network under banners – Q1 2024

 N° of stores

 Dec. 31 2023       

 Openings

 Acquisi ons

 Closures/

 Disposals

 Transfers

 Total Q1 2024         change

 Mar. 31 2024              

 Hypermarkets

 1,182

 -

 -

 -17

 -4

 -21

 1,161

 France

253    

253    

 Europe (ex France)

469    

469    

 La n America

 223

 -

 -

 -16

 -4

 -20

 203

 Others (1)                          

 237

 -

 -

 -1

 -

 -1

 236

 Supermarkets

4 ,146

     59        

    -34       

-5 

       20      

4 ,166

 France

1 ,037

-2 

1 ,037

 Europe (ex France)

2 ,139

     52        

    -14       

-1 

       37      

2 ,176

 La n America

 212

 -

 -

 -15

 -4

 -19

 193

 Others  (1)

758    

-3 

760    

 Convenience stores

8 ,754

106     

    -99       

       17      

8 ,771

 France

 4,561

 51

 8

 -29

 -

 30

 4,591

 Europe (ex France)

3 ,445

     43        

    -66       

      -22     

3 ,423

 La n America

631    

-4 

635    

 Others (1)                          

 117

 5

 -

 -

 -

 5

 122

 Cash & carry

584    

-1 

       11      

595    

 France

151    

-1 

152    

 Europe (ex France)

 12

 -

 -

 -

 -

 -

 12

 La n America

387    

395    

 Others  (1)

 34

 2

 -

 -

 -

 2

 36

 So discount (Supeco)

213    

    -83       

130    

 France

    33         

    33        

 Europe (ex France)

 97

 -

 -

 -

 -

 -

 97

 La n America

 83

 -

 -

 -83

 -

 -

 -

 Others  (1)

 -

 -

 -

 -

 -

 -

 -

 Sam’s Club

 51

 -

 -

 -

 -

 -

 51

 France

 -

 -

 -

 -

 -

 -

 -

 Europe (ex France)

 -

 -

 -

 -

 -

 -

 -

 La n America

 51

 -

 -

 -

 -

 -

 51

 Others  (1)

 -

 -

 -

 -

 -

 -

 -

 Group

 14,930

 170

 8

 -234

 -

 -56

 14,874

 France

 6,035

 55

 8

 -32

 -

 31

 6,066

 Europe (ex France)

 6,162

 95

 -

 -80

 -

 15

 6,117

 La n America

 1,587

 8

 -

 -118

 -

 -110

 1,477

 Others  (1)

 1,146

 12

 -

 -4

 -

 8

 1,154

 Note: (1) Asia, Africa, Middle East and Dominican Republic

 DEFINITIONS

 Free cash flow

 Free  cash  flow  corresponds  to  cash  flow  from  opera ng  ac vi es  before  net  finance  costs  and  net  interests  related  to  lease commitment, a er the change in working capital, less net cash from/(used in) inves ng ac vi es.

 Net Free Cash Flow

 Net Free Cash Flow corresponds to free cash flow a er net finance costs and net lease payments.

 Like for like sales growth (LFL)

 Sales  generated  by  stores  opened  for  at  least  twelve  months,  excluding  temporary  store  closures,  at  constant  exchange rates, excluding petrol and calendar effects and excluding IAS 29 impact.

 Organic sales growth

 Like  for  like  sales  growth  plus  net  openings  over  the  past  twelve  months,  including  temporary  store  closures,  at  constant exchange rates.

 ®  Net  Promoter,  Net  Promoter  System,  Net  Promoter  Score,  NPS  and  the  NPS-related  emo cons  are  registered  trademarks  of  Bain  &  Company,  Inc.,  Fred  Reichheld  and Satmetrix Systems, Inc

 DISCLAIMER

 This  press  release  contains  both  historical  and  forward-looking  statements.  These  forward-looking  statements  are  based  on  Carrefour  management's  current  views  and  assump ons.  Such  statements  are  not  guarantees  of  future  performance  of  the  Group.  Actual  results  or  performances  may  differ  materially  from  those  in  such  forward  looking  statements  as  a  result  of  a  number  of  risks  and  uncertain es,  including  but  not  limited  to  the  risks  described  in  the  documents  filed  with  the  Autorité  des  Marchés  Financiers  as  part  of  the  regulated  informa on  disclosure  requirements  and  available  on  Carrefour's  website  (www.carrefour.com),  and  in  par cular  the  Universal  Registra on  Document.  These  documents  are  also  available  in  English  on  the  company's  website.  Investors  may  obtain  a  copy  of  these  documents  from  Carrefour  free  of  charge.  Carrefour  does  not  assume  any  obliga on  to  update  or  revise  any  of  these forward-looking statements in the future.



[1] This amount does not include the dividend amount to be received (c.€22m) related to these shares

[2] Including 25 million shares repurchased, which will be delivered a er payment of the dividend for the financial year 2023

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