Carrefour shares fell 14% on Wednesday after the French supermarket group cut its full-year profit outlook, citing an “unprecedented” situation in France. The company now expects operating margin growth of only 0 to 15 basis points, down from 25 basis points, and flat to slightly higher adjusted EPS instead of high-single-digit growth. Unrest has seen hundreds of thousands of protesters demand more public spending and voice anger over high living costs, disrupting store operations and weighing on consumer spending ahead of the year-end shopping season. In the third quarter, like-for-like sales rose 2.3%, but sales in France grew only 1.2% to 11.9 billion euros ($13.4 billion), just over half of group revenue. Carrefour shares are still up about 2.5% year-to-date, while the CAC 40 is down nearly 4%.
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EUR/USD
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/20/2026 | 1.12376 |
| Change that session | +0.22% |
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