Carrefour shares plunge 13.6% after cutting profit outlook on French riots
Carrefour warned that riots in France will hit its profits and its shares were down 13.6% on the Paris stock exchange around 10:30 a.m. (08:30 GMT). CEO Alexandre Bompard said about 50 Carrefour stores were looted over the weekend and that the year's operating result will be reduced by between 80 and 200 million euros. The unrest could account for up to 60% of fourth-quarter operating profit, according to Jefferies analysts.
In 35 seconds
- Carrefour shares were down 13.6% on the Paris stock exchange after the profit warning.
- Bompard said about 50 stores were looted over the weekend.
- The annual operating result would be cut by between 80 and 200 million euros (90-225 million dollars).
IASummary generated by artificial intelligence from a story by RFI. It may contain errors: the original source prevails.




Comments
Be respectful. Comments reported by several people are hidden until a moderator reviews them.
You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.