Carrefour seen down after H1 operating profit miss as JPM says 'sell YTD rally'

Carrefour SA

24/07/2026 07:52

** Shares in Carrefour CARR.PA are seen down 2% to 3% after the French retailer reported a weaker than expected H1 operating profit rise
** H1 recurring operating income rises to €757 million  ($861.8 million), well below estimate of €779 million in company's consensus
** "We would be selling the YTD rally," says J.P. Morgan
** "We continue to be concerned about the market's very high expectations, the overall quality of earnings and the lack of cash flow generation," it adds
** Carrefour's shares were up 16% YTD


($1 = 0.8783 euros)

 (Reporting by Gianluca Lo Nostro)
 ((gianluca.lonostro@thomsonreuters.com;))