本土骚乱扰乱运营压制消费 家乐福下调全年指引股价暴跌14%Carrefour Shares Plunge 14% as French Riots Prompt Profit Guidance Cut

法国超市连锁巨头家乐福周三股价暴跌14%，在欧洲斯托克600指数成分股中跌幅垫底。此前该公司在周二晚间公布的第三季度财报中下调了2026全年利润指引，直接原因指向法国本土出现的恶化局势。家乐福表示，法国日益严峻的社会与安全状况导致消费趋势和门店运营条件转差，前所未有的骚乱扰乱了日常经营，并对本已承受能源成本压力的消费者支出造成实质打击。面对即将到来的年底关键消费季，家乐福全线下调了关键财务目标，目前预计营业利润率增长为0至15个基点，低于此前预期的25个基点；经调整每股收益预计持平至微幅增长，低于先前高个位数增长的目标；自由现金流则从温和增长逆转为预计略有下降。尽管第三季度按固定汇率计算的可比销售额增长2.3%符合市场预期，但贡献了119亿欧元销售额、占集团总营收过半的法国核心市场增长放缓至1.2%，加剧了投资者对这家零售巨头本土基本盘承压的担忧。

Shares of French supermarket giant Carrefour plunged 14% on Wednesday, sinking to the bottom of the European Stoxx 600 index after the company lowered its 2026 full-year profit outlook in its third-quarter earnings report released late Tuesday. The retailer attributed the downgrade directly to worsening social and security conditions across France, warning that unprecedented domestic unrest is disrupting store operations and suppressing consumer spending ahead of the critical year-end shopping season. Carrefour cut its key financial targets across the board, reducing expected operating margin growth to between 0 and 15 basis points from an earlier projection of 25 basis points, lowering adjusted earnings per share expectations to flat or slightly higher compared to previous forecasts of high-single-digit growth, and projecting a slight decline in free cash flow rather than modest growth. While the group reported a 2.3% rise in third-quarter like-for-like sales at constant exchange rates that matched FactSet expectations, its core French home market, which delivered 11.9 billion euros ($13.4 billion) and generates more than half of overall group revenues, grew just 1.2%, amplifying investor concerns over deteriorating retail trading conditions.