Carrefour Cuts Profit Outlook as French Riots Pressure Trading
Carrefour said it would cut its profit outlook after warning that worsening social and security conditions in France were affecting trading. Third-quarter like-for-like sales rose 2.3%, including a 1.2% increase in France.
Posting an update on third-quarter trading on Tuesday, the supermarket chain said sales had sparked 2.3% on a like-for-like basis, including a 1.2% uplift in France across all formats. However, looking to the current quarter and Carrefour warned that "in light of the worsening social and security s…