A leading French supermarket retailer, Carrefour, has warned that riots, looting and curfews across France could cost it between €80 million (USD 90 million) and €200 million (USD 225 million) in operating income, forcing it to cut its annual earnings forecast amid disruptions to store operations, according to a Reuters report. The retailer has lowered its outlook for 2026 adjusted earnings per share (EPS) to stable or slight growth, compared with its earlier forecast of growth in the high single digits. It also expects free cash flow to decline slightly compared with 2025. According to Reuters, around 50 stores were attacked during the first day of unrest, with several looted and damaged. The company said the damage was considerable, while employees and business partners faced distressing situations. The unrest has disrupted trading at a critical time for the retail sector, as the fourth-quarter shopping period begins. Consumer confidence was already weak due to high fuel prices, and...
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