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October 20, 2026 Carrefour Q3 2026 October 20, 2026 1
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October 20, 2026Q3 2026 2 Q3 2026 sales - Key highlights Solid Q3 performance, in line with H1 • +2.3% LFL sales in Q3 after +2.1% in H1, driven by core countries • France: +1.2% LFL. All formats are positive • Spain: +2.1% LFL, driven by an increase in volumes. Dynamic market • Brazil: +1.4% LFL, supported by stronger commercial momentum at Atacadão • Strong e-commerce growth (+18%) Rapid execution of Carrefour 2030 • Further price investments in France contributing to improving price image • Expansion of growth formats o 89 convenience stores opened in France & Spain o 2 Atacadão stores opened in Brazil • Vusion solution rolled out in 28 hypermarkets, out of 50 planned for end 2026 • Agreement to acquire Codifrance • Sound execution of the cost savings plan, in line with the €1.0bn target in 2026
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October 20, 2026 Q3 2025 Gross sales LFL Scope & M&A Petrol Calendar Forex Q3 2026 Gross sales Q3 2026 3 Q3 2026 sales +3.9% €21,840m €22,694m +2.3% +1.3% (0.2)%(0.7)% +1.2%
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October 20, 2026Q3 2026 4 France: solid performance in a growing food retail market Sustained growth in the food retail market in both value and in volume Solid LFL sales growth in food (+1.6%), with a particularly strong summer Steady increase in customer satisfaction (NPS® up +2pts) driven by further improvement in price competitiveness and price image Continued improvement in ex-Cora sales, up +7.3% in Q3; Match stores, +3.4% Strengthened leadership in convenience with 54 stores opened and the acquisition of Codifrance E-commerce GMV up +15% with sustained market share gains in home delivery and Drive €11,900m Q3 2026 sales Total sales incl. VAT +2.2% Variation vs Q3’25 Reported growth +1.2% Like-for-like Ex-petrol, ex-calendar +0.8% +2.1% +6.1% YOY %LFL ex. petrol ex. calendar +0.6% +1.2% +2.8% €5,684m €3,916m €2,300m Hypermarkets Supermarkets Other formats o/w legacy stores -0.6% +1.0% +2.8% o/w ex-Cora & Match +7.3% +3.4% n.a.
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October 20, 2026 +2.3% Variation vs Q3’25 Reported growth Q3 2026 5 Spain: good momentum and supporting market Dynamic market supported by volume growth Solid commercial performance both in food (+1.8% LFL) and non-food (+3.2% LFL) Strong growth in convenience (+13% LFL) alongside continued expansion with 35 stores opened in Q3 Operational excellence and sustained price leadership supporting improvement in customer satisfaction (NPS® up +2pts year- on-year) E-commerce GMV up +8% €3,107m Q3 2026 sales Total sales incl. VAT +2.1% Like-for-like Ex-petrol, ex-calendar
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October 20, 2026Q3 2026 6 Brazil: sequential improvement driven by acceleration at Atacadão Sequential improvement in food sales growth (+2.2% in Q3 2026 vs +0.7% in Q2 2026) Atacadão: +2.0% LFL, with further LFL market share gains and sequential volume improvement supported by new commercial initiatives. Continued rollout of Bulnez (300 SKUs). 2 new stores opened in the quarter Carrefour Retail: food sales up +1.5% LFL. Total LFL sales growth penalized by the discontinuation of non-food e-commerce operations Sam’s Club: LFL sales up +3.6% in Q3 driven by an increase in volumes and in the number of active members €5,144m Q3 2026 sales Total sales incl. VAT +9.4% Variation vs Q3’25 Reported growth +1.4% Like-for-like Ex-petrol, ex-calendar €3,834m €993m €317m Atacadão Carrefour Retail Sam's Club +10.8% +3.9% +11.4% YOY %LFL ex. petrol ex. calendar +2.0% -2.3% +3.6%
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October 20, 2026Q3 2026 7 Other countries: +8.4% LFL driven by Belgium & Argentina €2,542m Q3 2026 sales Total sales incl. VAT Belgium: 3rd consecutive quarter of improvement in LFL sales growth (+2.3% in Q3 2026). Market share gains, both in value and volume, supported by targeted price investments and Sunday openings Poland: highly challenging market environment with food deflation continuing since June 2026 and persistently weak consumer confidence Argentina: strengthened leadership with market share gains in both value and volume for the 7th consecutive quarter. Positive volumes in Q3 despite continued pressure on consumer purchasing power +3.3% Variation vs Q3’25 Reported growth +8.4% Like-for-like Ex-petrol, ex-calendar +2.4% -8.7% +12.9% YOY %LFL ex. petrol ex. calendar +2.3% -4.3% +24.2% €1,094m €519m €929m Belgium Poland Argentina
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October 20, 2026Q3 2026 8 FY 2026 financial targets adjusted Key financial targets FY26 guidance presented in February FY26 guidance adjusted Recurring Operating Income Growth Growth Operating margin +25bps +0 to +15bps Adjusted EPS, Group share High single-digit growth Stable to slight growth Net Free Cash Flow Slight growth(1) Slight decline(1) CAPEX €1.7bn €1.6bn (1) Vs 2025 pro forma of Italy (i.e. €1,565m) Retailers entering critical weeks of year-end shopping Impact of the situation in France Impact on trading and operating conditions with lower customer footfall, reduced opening hours related to curfews, precautionary closures and access difficulties Increased operating costs on security and logistics Revision of FY 2026 financial targets in light of the social and security situation in France The Group considers that consumption trends and operating conditions in France are facing a deterioration
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October 20, 2026Q3 2026 9 Key takeaways 4 FY 2026 financial targets adjusted 1 Solid Q3 commercial performance, in line with Q2 and Group’s expectations Rapid execution of Carrefour 2030 initiatives2 3 Continued focus on commercial execution and cost discipline in Q4
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October 20, 2026 Appendix Q3 2026 10
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October 20, 2026Q3 2026 11 CSR – Q3 achievements Climate • Launch of an Emergency Action Plan for agricultural partners, in response to the heatwave of summer 2026 (adjusting product specifications to fit their constraints, shortening payment terms to 15 days during the summer) • 4 new SLBPs signed since July 2026, notably focusing on agroecology, in partnership with Bonduelle and Andros suppliers Health • Enhancements to the Hopla AI assistant to help customers eat healthier (healthier suggestions, shopping basket analysis) • Rollout of the Yuka score across own-brand products (comprehensive information, complementing the Nutri-Score) Inclusion • €1m granted by Carrefour Foundation to 14 partner charities working with students to tackle food insecurity (nearly 300,000 students in France have received support from the Carrefour Foundation since 2020) Ratings & awards • Ranking as Europe’s leading retailer for CSR, for the 2nd year running (study conducted by BDO and ESSEC Business School) • Score of 67/100 in the DJSI rating, up by +10pts
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October 20, 2026Q3 2026 12 Q3 2026 gross sales Gross sales (in €m) LFL ex. petrol ex. calendar Organic growth ex. petrol ex. calendar Change at current exch. rates inc. petrol Change at constant exch. rates inc. petrol France 11,900 +1.2% +0.3% +2.2% +2.2% Hypermarkets 5,684 +0.6% -0.9% +0.8% +0.8% Supermarkets 3,916 +1.2% +0.3% +2.1% +2.1% Others, inc. convenience 2,300 +2.8% +3.2% +6.1% +6.1% Spain 3,107 +2.1% +1.6% +2.3% +2.3% Brazil 5,144 +1.4% +1.5% +9.4% +1.6% Other countries (pre-IAS 29) 2,542 +8.4% +7.8% +3.3% +7.8% Belgium 1,094 +2.3% +2.2% +2.4% +2.4% Poland 519 -4.3% -7.8% -8.7% -7.3% Argentina (pre-IAS 29) 929 +24.2% +25.2% +12.9% +25.3% Group total (pre-IAS 29) 22,694 +2.3% +1.7% +3.9% +2.7% IAS 29 impact 88 Group total (post-IAS 29) 22,781
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October 20, 2026Q3 2026 13 Q3 2026 technical effects Calendar Petrol Forex France -0.3% +2.3% - Hypermarkets -0.3% +2.0% - Supermarkets -0.3% +2.3% - Others, inc. convenience -0.5% +3.3% - Spain -0.2% +0.9% - Brazil +0.1% +0.1% +7.8% Other countries -0.1% +0.0% -4.5% Belgium +0.1% - - Poland -0.6% +1.0% -1.4% Argentina +0.1% - -12.4% Group total -0.2% +1.3% +1.2%
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October 20, 2026Q3 2026 14 9 months 2026 gross sales Gross sales (in €m) LFL ex. petrol ex. calendar Organic growth ex. petrol ex. calendar Change at current exch. rates inc. petrol Change at constant exch. rates inc. petrol France 34,762 +1.2% +0.0% +1.9% +1.9% Hypermarkets 16,847 +0.7% -0.9% +0.5% +0.5% Supermarkets 11,421 +1.1% +0.2% +1.7% +1.7% Others, inc. convenience 6,495 +2.4% +2.2% +6.1% +6.1% Spain 8,833 +2.5% +2.2% +2.4% +2.4% Brazil 15,279 +0.4% +0.1% +6.2% +0.3% Other countries (pre-IAS 29) 7,609 +8.6% +8.2% -2.1% +8.0% Belgium 3,259 +1.5% +0.7% +0.6% +0.6% Poland 1,603 -4.4% -6.5% -7.0% -6.4% Argentina (pre-IAS 29) 2,746 +23.8% +25.2% -2.4% +25.1% Group total (pre-IAS 29) 66,483 +2.1% +1.4% +2.4% +2.3% IAS 29 impact 148 Group total (post-IAS 29) 66,631
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October 20, 2026Q3 2026 15 9 months 2026 technical effects Calendar Petrol Forex France -0.2% +2.2% - Hypermarkets -0.2% +1.7% - Supermarkets -0.2% +1.9% - Others, inc. convenience -0.1% +3.8% - Spain -0.2% +0.4% - Brazil -0.1% +0.2% +5.9% Other countries -0.1% -0.1% -10.1% Belgium -0.0% - - Poland -0.2% +0.3% -0.6% Argentina -0.0% - -27.5% Group total -0.1% +1.1% +0.1%
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October 20, 2026Q3 2026 16 Stores under banners at end Q3 2026 (#) Hypermarkets Supermarkets Convenience Cash & Carry Soft discount Sam’s Club Total France 320 1,174 5,228 158 29 - 6,909 Spain 204 161 1,246 - 70 - 1,681 Brazil 104 26 141 389 - 58 718 Other countries 212 550 1,262 37 - - 2,061 Belgium 40 346 310 - - - 696 Poland 93 131 425 - - - 649 Argentina 79 73 527 37 - - 716 Others(1) 271 1,728 1,795 112 - - 3,906 Total 1,111 3,639 9,672 696 99 58 15,275 (1) Franchised countries/regions
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October 20, 2026 17 DISCLAIMER This presentation contains both historical and forward- looking statements. These forward-looking statements are based on Carrefour management's current views and assumptions. Such statements are not guarantees of future performance of the Group. Actual results or performances may differ materially from those in such forward-looking statements as a result of a number of risks and uncertainties, including but not limited to the risks described in the documents filed with the Autorité des Marchés Financiers as part of the regulated information disclosure requirements and available on Carrefour's website (www.carrefour.com), and in particular the Universal Registration Document. These documents are also available in the English language on the company's website. Investors may obtain a copy of these documents from Carrefour free of charge. Carrefour does not assume any obligation to update or revise any of these forward-looking statements in the future. Q3 2026