Carrefour shares plunge after France riots prompt earnings cut
Briefing by News4U · First published
Carrefour lowered its full-year earnings outlook, citing €80-200m impact from French riots and looting.
Carrefour cut its full-year earnings outlook after French riots and looting disrupted stores and raised costs, with the impact estimated at €80-200m in operating income. [1] [2]
Shares fell more than 13% and up to 15%, heading for the biggest one-day drop on record and wiping €1.7 billion off market value. [1] [2]
Sources
- Carrefour Shares Slump After Group Trims Guidance, Citing French Riots
WSJ Business · · Summary only
- Carrefour heads for biggest-ever drop amid French riots
RTÉ Business · · Full text