Zaventem, February 17, 2026 — Carrefour Belgium confirmed sales growth and a return to profitability for full-year 2025, reporting 0.8% like-for-like (LFL) growth in one of Europe’s most competitive grocery markets. Growth accelerated in the second half of the year to 1.1%, compared with 0.4% in the first half, despite social unrest in November and pressure on consumer spending in December.
The performance signals commercial recovery and improved cost control across its hybrid, multi-format supermarket model.
At a glance
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0.8% LFL sales growth in FY2025
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1.1% LFL growth in H2 2025 (vs 0.4% in H1)
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Profitability recovery confirmed
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Distribution costs tightly controlled
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Hybrid structure: company-owned and franchised stores
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Multi-format network: Hyper, Market, Express and eCommerce
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Customer satisfaction (NPS) improved further
What Is like-For-like (LFL) Growth?
Like-for-like growth measures sales performance from existing stores, excluding openings or closures. It reflects underlying trading strength and customer demand rather than expansion effects. For supermarket operators, LFL growth is a key indicator of competitiveness and pricing effectiveness.
What Drove Carrefour Belgium’s 2025 Growth?
Carrefour stated that strong commercial decisions and an active promotional strategy supported sales momentum. Growth strengthened in the second half of the year, showing improved traction as market conditions remained volatile.
The retailer maintained performance despite temporary disruption from social unrest and weaker consumer spending late in the year.
How Did Profitability Recover?
The return to profitability was supported by sustained control of distribution costs and strict spending discipline. This indicates operational efficiency improvements rather than expansion-led margin gains.
Cost management remains central as Belgian grocery competition continues to pressure pricing and margins.
Why Does This Matter In Belgium’s Supermarket Market?
Belgium is considered one of Europe’s most competitive grocery environments, with intense pricing dynamics and high promotional activity.
Within that context, positive LFL growth and improved profitability reinforce the effectiveness of Carrefour’s hybrid structure — combining company-owned stores with franchised operations — and its multi-format strategy across hypermarkets, supermarkets, convenience stores and eCommerce.
This structure allows flexibility across consumer segments and locations.
What Happens Next?
Carrefour confirmed that the 2025 performance provides a foundation for its 2026–2028 strategic plan. The retailer expects to continue value creation through commercial execution, cost discipline and multi-channel development.
The Belgian results also reflect broader operational priorities within the wider Carrefour network across Europe.
Why It Matters
In a pressured consumer environment, sales growth combined with profitability recovery signals operational stabilisation rather than short-term promotional uplift. For suppliers and FMCG partners, this indicates a retailer focused on disciplined margin management while maintaining volume momentum into 2026.
