Carrefour

Carrefour has pulled back its annual targets because of the ongoing protests in France: adjusted earnings per share are now expected to be only stable or slightly higher in 2026 instead of increasing by high single digits. The recurring operating margin is now expected to improve by only 0–15 basis points, free net cash flow should decline slightly, and investments in France have been cut by €100 million to €1.6 billion. Closed stores, reduced opening hours, higher security and logistics costs, and possible damage from looting are weighing on the business; the stock fell sharply by more than 10% on Wednesday. » More on wiwo.de

Carrefour has lowered its full-year forecasts because of nationwide unrest: adjusted earnings per share are now expected to remain flat or grow only slightly instead of the previously forecast high single-digit increase. The company also trimmed its 2026 targets for recurring operating margin, free net cash flow and capital expenditures. CEO Alexandre Bompard called the situation in France unprecedented and warned of significant uncertainty around consumer spending, higher costs and restricted store operations. » More on finanzen.net

In a large-scale cyberattack, refrigerators and freezers in several French supermarkets were manipulated. Carrefour reports disruptions mainly in about 80 of its roughly 6,000 stores; other chains such as Intermarché/Netto and Coopérative U are also affected. According to reports, the attack targeted the service provider Danfoss, forcing the disposal of many products and leaving the extent of the damage unclear. The Paris public prosecutor’s cybercrime division is investigating after fires were also reported. » More on finanzen.net

Carrefour shares slump about 5.3% after the half‑year results raised margin concerns. Adjusted earnings per share rose 18.3% to €0.49 and recurring operating profit climbed 4.0% to €757m, while the gross margin fell by 28 basis points. Like‑for‑like sales growth in France remained close to zero and Brazil only barely recovered, disappointing investors’ hopes for a stronger margin rebound. » More on de.investing.com

Carrefour shares fell about 6.5% today to €15.38, driven by JPMorgan adding the retailer to its "Negative Catalyst Watch" list. The US bank maintains a "Sell" rating and warns that the half-year results next month could lead to profit forecast downgrades. Analyst consensus, with a 12-month price target of around €15.77, sees only limited upside, while competitors are gaining market share and the environment remains under mild pressure. With new trading figures not expected until the end of July, there are few short-term catalysts for a recovery. » More on de.investing.com