(Image: Reuters/Paulo Whitaker)
The Carrefour Brasil Group (CRFB3) registered net profit of R $ 225 million in the first three months of this year, above the R $ 39 million in the same period of 2024, in line with the average estimate of analysts in data compiled by LSEG.
In adjusted terms, the profit totaled R $ 282 million in the period, jump over R $ 52 million from the first quarter of 2024, showed results report released on Tuesday.
The company had already released its first quarter operational data last month, which showed growth of 5.4% in the same stores, excluding fuel and calendar effect, driven by the 6.9% advance in Atacadão Atacadão chain stores, the company’s main business, despite the first quarter Easter change in the second quarter this year.
“We got home last year and our new stores, which we convert, continue to mature. We maintain a critical look at expenses… always seeking opportunities for efficiency earnings,” Carrefour Brasil’s CEO, Stephane Maquaire, told journalists.
The executive pointed out that the calendar effect, with the Easter holiday taking place this year in April, supported the retailer’s performance at the beginning of the second quarter, a period that also has the anniversary of the Atacadão flag on April 12.
“Every year we have the birthday of Atacadão and got a very good birthday … and then the Easter also very positive for the attack and the other flags,” he added.
Carrefour Brasil opened a new Atacadão store in the state of Rio de Janeiro and a new wholesale of distribution in the state of São Paulo between early January and late March.
“We will follow this line, about all quarters this year, with a smaller amount of stores than we would like” given the context of high Selic, said MAQUAIRE, in the last disclosure of results of the group as a company of publicly.
The French controller Carrefour reported in late April that he hopes to conclude the capital closure of the Brazilian operation until mid -June, after his unit -disruption proposal in Brazil approved at the same date.
Maquaire also stated that it does not foresee distractions through the process of capital closing and expects to gain agility in decisions and greater process simplification and structure with the incorporation by the French matrix, which can still support a faster pace of expansions from 2026.
“Having a publicly traded company in France and a publicly traded company here in Brazil is a complexity. We have to recognize, will simplify a lot,” he said. “I see this very positive picture for Carrefour in Brazil and a greater opportunity to open Atacadão stores.”
Carrefour Brasil accounts for about 20% of Carrefour’s global sales, with Brazil being the second largest market in the European group, behind France.
Source: Moneytimes
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