Tag: #unprecedented

Corporate Earnings

Carrefour Shares Plunge 14% as Unprecedented Social Unrest in France Forces Profit Warning

Tuesday, October 27, 2026 | 04:13

Shares of French supermarket giant Carrefour suffered a dramatic setback on Wednesday, plunging 14% to sit firmly at the bottom of the Stoxx 600 index following a sharp cut to the company’s full-year profit forecast. The retail conglomerate pointed directly to what it described as an unprecedented situation in France, where worsening social and security […]