Carrefour SA delivered healthy Q3 results, with 2.3% LFL sales growth, cost savings, expanding convenience stores, and 18% e-commerce growth. France's unrest is pressuring Carrefour's outlook, forcing management to lower expectations for operating margins, EPS, and free cash flow. Despite the French crisis and macroeconomic headwinds in Latin America, CRRFY maintains solid growth and competitive advantages across its core markets.
The stock fell more than 13% after the grocer cut its profitability targets for the year as it expects the protests in France to cast a pall over sales.
Carrefour SA (CRRFY) Q3 2026 Sales/Trading Call Transcript
The grocer said its recurring operating profit margin could grow up to 15 basis points this year, below a prior forecast, as it expects the protests to hit consumer spending in the run-up to the key holiday season.
French riots and looting hit supermarket chain Carrefour
Alexandre Bompard condemned the riots in France on Sunday. The Carrefour CEO said that rioters targeted about 50 of his stores.
Carrefour has underperformed peers and the S&P 500 over the past decade, reflecting structural business challenges. CRRFY's 2026-30 plan targets margin expansion, cost savings, and store investments, but execution risk remains high given its mixed track record. Despite a tough consumer environment, CRRFY shows early progress on its strategy, maintaining a strong balance sheet and offering a 5.9% dividend yield.
Carrefour is executing a focused turnaround, emphasizing core geographies, margin expansion, and an asset-light, franchise-driven model. CRRFY's 2030 strategy targets operational efficiency, cost control, and significant growth in convenience stores, especially in France and Spain, to boost margins and cash flow. Dividend growth remains central, with special distributions supplementing ordinary dividends, supported by steady net free cash flow and high-single-digit EPS growth.
Carrefour SA (CRRFY) Q1 2026 Sales/Trading Call Transcript
Investors interested in stocks from the Retail - Supermarkets sector have probably already heard of Carrefour SA (CRRFY) and Walmart (WMT). But which of these two stocks is more attractive to value investors?
Supermarket chain Carrefour reported weaker-than-expected first-quarter sales on Wednesday as its business in Brazil declined and France, its biggest market, grew less than expected.
Here is how Carrefour SA (CRRFY) and Casey's General Stores (CASY) have performed compared to their sector so far this year.