nuOct 20, 2026, 16:55

Supermarket chain Carrefour lowers profit forecast due to riots in France

Carrefour has lowered its profit forecasts for 2026 and this year due to significant uncertainty caused by widespread rioting in France. The unrest has led to property damage, looting at multiple retail locations, and operational disruptions including shortened store hours and increased security costs.

Supermarket chain Carrefour has revised its financial outlook for 2026 downward, moving from a target of high single-digit growth to stable or slight growth. The company also adjusted its objectives for operating profit margins, cash flow, and capital expenditure for the current year. CEO Alexandre Bompard stated that the retailer is facing an unprecedented situation in France, characterized by significant uncertainty regarding consumer spending and store operations.

This shift follows widespread rioting in various French cities, which has led to the looting and destruction of thousands of shops, including fifty Carrefour locations and several Intermarché stores. In response to the unrest, authorities have implemented curfews in multiple cities, forcing Carrefour to shorten operating hours. The company is incurring substantial additional costs for security and logistics, while reporting tens of millions of euros in losses due to direct theft and property damage caused by the violent incidents.

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Based on reporting by nu. Translated and condensed by LocalHeadlines.

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