Carrefour cut full-year profit guidance and warned recent riots and looting in France could reduce operating profit by up to €200m (≈$224m). The company said higher costs and store disruptions from the unrest could trim operating profit by €80m–€200m, the CFO said. Shares fell as much as ~15% intraday, on track for Carrefour’s largest one-day drop and the worst performance on the CAC40 and Stoxx Europe 600. With roughly half of sales in France, prolonged domestic disruption would hit the group d

Carrefour cut full-year profit guidance and warned recent riots and looting in France could reduce operating profit by up to €200m (≈$224m). The company said higher costs and store disruptions from the unrest could trim operating profit by €80m–€200m, the CFO said. Shares fell as much as ~15% intraday, on track for Carrefour’s largest one-day drop and the worst performance on the CAC40 and Stoxx Europe 600. With roughly half of sales in France, prolonged domestic disruption would hit the group disproportionately. Analysts questioned whether the downgrade signals issues extending beyond the French market.