Carrefour 2026 Capital Markets Day Summary Company Overview - **Company**: Carrefour (OTCPK:CRER.F) - **Event**: 2026 Capital Markets Day - **Date**: February 18, 2026 Key Industry Insights - Carrefour is positioned as a leader in the food retail industry, focusing on customer obsession, innovation, and financial strength [2][3] - The company is adapting to changing consumer behaviors post-pandemic, emphasizing purchasing power and price competitiveness [2][3] - The retail market is experiencing a resurgence of physical stores, which are seen as vital despite the rise of digital shopping [3] Strategic Focus - **Core Markets**: Carrefour is refocusing on three primary countries: France, Spain, and Brazil, which account for 85% of turnover and 99% of recurring operating income [4][5] - **Growth Strategy**: The company aims to enhance its market share in France by 25% and in Brazil by 20% by 2030, with a focus on organic growth and strategic acquisitions [33][41] - **Digital Transformation**: Carrefour is investing heavily in AI and technology to improve operational efficiency and customer experience [24][32] Financial Goals - Targeting an operating margin of 3.5% by 2030, with a milestone of 3.2% by 2028 [34] - Projecting cumulative cash flow of EUR 5 billion by 2028, with annual growth in adjusted net income per share of 5%-10% [34] - Committing to return 50%-60% of adjusted annual net income as dividends [34] Product and Pricing Strategy - Carrefour is enhancing its price competitiveness, particularly in France, where it aims to improve its pricing policy consistently [7][41] - The company plans to offer 200 private label products at cost price to club members in France and 1,000 food products at unbeatable prices in Spain [7] - The Carrefour Club, with 50 million members, is a key driver of growth, contributing to 70% of turnover in Spain [8] Fresh Food and Innovation - Carrefour aims to deepen its differentiation in fresh food, targeting a significant increase in the share of fruit and vegetable offerings by 2030 [10][16] - The company has established over 50,000 partnerships with local producers to ensure quality and stable remuneration [13] - Plans to innovate in product offerings, with a focus on health and sustainability, including a commitment to transparency in food labeling [16][17] Store Formats and Expansion - Carrefour is expanding its convenience store formats and plans to open 1,000 points of sale in travel retail by 2030 [18] - The company is committed to transforming its hypermarkets, with a focus on dynamic offerings and new product categories [19][20] - A significant investment of EUR 200 million annually will be directed towards modernizing stores and enhancing customer experience [21][65] Technology and AI Integration - Carrefour is deploying advanced technology solutions, including a partnership with VusionGroup for smart store operations [24][30] - The company is leveraging a unique data lake from 10 billion transactions to personalize customer relationships and enhance operational efficiency [23][32] Environmental and Social Governance (ESG) - Carrefour is committed to sustainability, aiming for a 60% reduction in food waste and investing EUR 200 million annually in decarbonization efforts [17] - The company has achieved an A rating from CDP, indicating strong performance in climate-related initiatives [17] Conclusion - Carrefour's strategic plan for 2030 emphasizes growth through innovation, customer-centricity, and operational excellence, with a clear focus on enhancing market share and profitability while addressing sustainability challenges [38][39]