Carrefour Cuts 2026 Outlook as Unrest in France Weighs on Business

(AWP Alliance News) - Carrefour cut its 2026 outlook as social unrest and security disruptions in France weaken consumer confidence and disrupt store operations. Recurring operating profit is still expected to grow, with margin expansion of 0-15 basis points versus 25 basis points previously.

Adjusted earnings per share are now forecast to be flat or rise slightly from 2025, versus high-single-digit growth previously. Net free cash flow is expected to decline slightly rather than grow slightly, while annual capital spending is reduced to EUR 1.6 billion from EUR 1.7 billion.

The downgrade follows third-quarter like-for-like sales growth of 2.3%, including 1.2% growth in France, where curfews are reducing opening hours and security and logistics costs are rising.

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Disclaimer: This news brief was created using generative artificial intelligence. Carrefour SA published the original content used to generate this news brief on October 20, 2026, and is solely responsible for the information contained therein.