Colruyt on track for biggest one-day fall since 2022 after profit warning

Colruyt NV

02/05/2025 11:17

** Shares in Colruyt COLR.BR fall as much as 18.5% after the Belgian supermarket chain issued a profit warning ahead of its full-year results

** Shares on track for their biggest fall since September 2022, if losses hold

** The new guidance implies a low- to mid-single-digit decline in operating profit and a 7-12% contraction in net income, J.P.Morgan says

** Degreoof Petercam cuts its PT on the stock by 6.5% to 43 euros  ($48.81) but confirms its "hold" rating saying its financial position can support operations and share price through buybacks

** By 1013 GMT the stock is down 14% to 36.4 euros; bringing it to a negative territory for the year

($1 = 0.8811 euros)

 (Reporting by Alessandro Parodi)

 ((Alessandro.Parodi@thomsonreuters.com;))