Q1 2022 Sales
April 20th, 2022
Solid momentum in Q1 2022
Group LFL sales up +3.4% (after +4.2% LFL in Q1 2021)
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• Solid outperformance in France (stable LFL)
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• Growth acceleration in Spain (+3.4% LFL)
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• Strong rebound in Brazil (+7.5% LFL) with a positive volume trend
Consistent market share gains in all key markets
Acceleration of consumer price inflation in the quarter
Net free cash flow target confirmed: Above €1bn in FY2022
€400m already achieved on the €750m share buyback program
Numerous CSR initiatives over the quarter
Inflationary environment impact
Consumer price increase accelerating in Q1
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• Carrefour committed to protecting consumer purchasing power while reinforcing its economic model
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• Limit and postpone price increases as much as possible through discussions with suppliers
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• Solid implementation of cost-savings program, targeted above €900m in 2022
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• Carrefour strongly competitive with attractive Carrefour-branded products, promotions, loyalty program and discount formats
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Carrefour vigilant on risk of shortages
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• Supply chain holding up well overall in Q1. A few localized and temporary stockouts
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• Actions to secure maximum product availability going forward
Q1 2022 sales up +3.4% LFL
Q1 2021 Gross sales
LFLExpansion &
M&APetrolCalendarForexQ1 2022 Gross sales
Sustained growth on high comps
+3.4%
LFL in Q1 2022
Q1 LFL over 3 years
Group LFL
LFL ex. petrol ex. calendar
Q1 2020
Q1 2021
Q1 2022
4,2%
France Europe
+4.3% +6.1%
+3.5% 0.0%
-
-1.6% +0.7%
Latin America Taiwan Group total
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+17.1% +15.7% +16.6%
+6.0% +7.8%
-6.4% -0.6%
+4.2%
+3.4%
Q1 21
Q2 21
Q3 21
Q4 21
Q1 22
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Carrefour SA published this content on 20 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2022 15:56:11 UTC.
