Carrefour Cuts Full-Year Profitability Targets as French Protests Weigh on Sales
Carrefour said it expects its recurring operating profit margin to increase by up to 15 basis points this year, citing protests in France that it expects to weigh on sales. Its shares fell after the guidance cut.
Carrefour shares fell after the French grocer lowered its profitability targets for the year, citing an expected impact from protests in France on sales. The group said Tuesday evening that it expects its recurring operating profit margin to rise by up to 15 basis…