Carrefour: Decent Growth in the Quarter, but Political Headwinds Abound; Lowering Valuation
Carrefour’s third-quarter 2026 trading update included like-for-like growth of 2.3%, with 1.2% growth in France, 2.1% growth in Spain, and 1.4% growth in Brazil. Due to political tension in France, the group lowered its full-year expectations.