20/2/2025–|Last update: 20/2/202508:06 PM (Mecca time)
The French retail chain “Carrefour Group” announced that its net profits decreased during the past fiscal year to 723 million euros (757 million dollars) compared to 1.66 billion euros ($ 1.73 billion) during the previous year.
And the reason for the decline was that the retail market environment is still affected by high inflation rates.
These results also come after a great popular boycott in the Middle East, against the background of the appearance of the French brand as a supporter of Israel in the war on the Gaza Strip.
Last November, Carrefour stores were forced to close all branches in Jordan as a result of the boycott.
This decision came after wide popular boycott campaigns targeting Carrefour in Jordan and other brands that were considered supportive of Israel.
The campaigns in Jordan led to a decrease in Carrefour sales by more than 75% since the Israeli aggression on the Gaza Strip began in October 2023.
The net profit of the series after excluding the special items was 1.08 billion euros (1.13 billion dollars), equivalent to 1.61 euros per share ($ 1.69), compared to 1.22 billion euros (1.27 billion dollars), equivalent to 1.71 euros (1.79 dollars) per share in 2023.
https://www.youtube.com/watch?v=jmzihclcuba
Carrefour sales
The value of the net Carrefour sales during the past year amounted to 85.44 billion euros (89.46 billion dollars) compared to 83.27 billion euros (87.19 billion dollars) during the previous year, while the total revenue reached 87.27 billion euros (91.38 billion dollars) compared to 84.9 billion euros (88.9 billion dollars ) During the same period.
“In 2024 and in a market environment that is still affected by the inflation period, the Carrefour Group has strengthened its competitiveness, commercial momentum and profitability in its basic countries, and the group is currently providing good financial results and indicators confirming strong progress in its strategic plan “.
Meanwhile, the group announced the launch of a comprehensive strategic review of its business portfolio, including all its organizational activities and models, and as the first step in this process the Carrefour series decided to buy all shares of its Brazilian branch “Carrefour Brazil”.
