Carrefour Cuts 2026 Profit Forecast After Riots Loot 50 Stores

Carrefour's shares fell over 13% on the Paris exchange after the retailer slashed its 2026 profit guidance, citing looting of roughly 50 stores during cost-of-living protests in France. The company estimates a financial impact of up to €200 million. The event signals a direct hit to corporate earnings from social unrest, though the broader market impact is limited to the retail sector.