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

  1. Carrefour Shares Slump After Group Trims Guidance, Citing French Riots

    WSJ Business · · Summary only

  2. Carrefour heads for biggest-ever drop amid French riots

    RTÉ Business · · Full text

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