“Our commercial strategies and cost-cutting initiatives enabled us to grow sales and improve margins during the second quarter,” Carrefour CEO Alexandre Bompard said in a statement.

The French retailer generated €5.46 billion in sales in Brazil during the quarter, up 9% from a year earlier. On a comparable basis, excluding currency effects, revenue increased 0.4%, reversing the 0.8% decline recorded in the first quarter.

Atacadão, Carrefour’s cash-and-carry chain in Brazil, returned to growth, posting a 0.5% increase in comparable sales and outperforming the country’s cash-and-carry market as a whole. The company said sales volumes have stabilized since the beginning of the quarter.

In its conventional retail segment, comparable sales declined 0.6%, mainly reflecting the company’s deliberate slowdown in e-commerce sales of non-food products.

To strengthen commercial momentum in Brazil, Carrefour invested in targeted marketing campaigns and expanded its product portfolio, with particular emphasis on its Bulnez private-label brand, which now includes 200 products.

The company’s financial services division also delivered strong results in the second quarter, with its loan portfolio expanding 13% while revenue rose 8%.

Carrefour’s recurring operating income in Brazil reached €359 million in the first half of the year, up 5.8% from the same period in 2025. The recurring operating margin improved by 9 basis points to 4%, supported by cost optimization measures and operational efficiency initiatives.

On a consolidated basis, Carrefour reported a net profit of €54 million for the first six months of the year, reversing a €361 million loss recorded a year earlier. Sales totaled €39.4 billion, an increase of 1.7% year over year.