Title: Carrefour Cuts Profit Forecast Amid French Riots
Content: Carrefour has lowered its 2026 profit outlook, citing the impact of widespread riots across French cities that erupted from cost‑of‑living protests. The retailer now expects adjusted earnings per share to be stable or grow only slightly, down from a previous forecast of high single‑digit growth. CEO Alexandre Bompard described the situation as “unprecedented in France,” noting that curfews and store damage have cut footfall, forced reduced opening hours, and increased security and logistics costs. 50 Carrefour stores and 19 supermarkets were ransacked, with repair costs exceeding €10mn; the company will also trim French investments by €100mn for the rest of the year. Operating margin expansion guidance was cut to 0–0.15 percentage points from at least 0.25 points. Despite the turmoil, Carrefour posted a 2.3% rise in like‑for‑like Q3 sales, driven by its international business. The riots follow a recent cyber‑attack that disabled refrigeration at hundreds of French supermarkets, compounding pressure on the sector ahead of the key holiday season.
FAQ Q: Why did Carrefour cut its profit forecast?
FAQ A: Carrefour reduced its profit forecast because riots across France have lowered consumer confidence, decreased store traffic, forced shorter opening hours, and raised security and repair costs.
Quelle: Financial Times Companies · Zusammengefasst von HeadlinesBriefing