Carrefour sees profits fall in Spain

A slight decline in sales last year led to a sharp drop in profits at Carrefour‘s Spanish division. The retailer expects to be able to turn the tide quickly.

Multi-format approach

In Spain, Carrefour’s most important European market after France, turnover fell by 1.5 % last year to 9.176 billion euros. As a result, profit also went down – by 17.5 % to 286.8 million euros. Operating profit fell to 99.5 million euros, 30 % lower than in 2023, according to Spanish media reports.

Despite these poor results, the company expects to be able to turn the tide in 2025: the retailer is aiming for comparable sales growth this year and is committed to an ambitious expansion plan. The food retailer uses a multi-format approach in Spain and currently has 204 hypermarkets, 162 Carrefour Market supermarkets, 1,090 Carrefour Express convenience stores and 69 Supeco discount stores. Last year, the company opened 59 additional stores in the country, 43 of which were Carrefour Express stores.