Carrefour Slashes 2026 Profit Outlook as French Riots Hit Stores
CRRFY sits 18% above its 52-week low of $2.9 on elevated volume (2.8× avg).
Summary
Carrefour cut its 2026 profit guidance, now expecting adjusted EPS to be flat to slightly up versus a prior forecast of high-single-digit growth. The operating margin expansion target drops to zero to 15 bps from 25 bps, and net free cash flow is now seen declining slightly from 2025 levels. The cause is operational: riots, looting and curfews in France hit roughly 50 stores, some looted or damaged, forcing closures, shorter hours and higher security and logistics costs. Management also flagged uncertainty in consumer spending heading into the key year-end shopping period, and trimmed 2026 France capex to €1.6B from €1.7B. This is a direct hit to the earnings thesis, not a one-off charge — the guidance reset spans margin, EPS and cash flow simultaneously.
At the time of this announcement, CRRFY was trading at $3.43 on OTC in the Trade & Services sector, with a market capitalization of approximately $13.2B. The 52-week trading range was $2.90 to $4.13. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Seeking Alpha.