Carrefour falls on weak results and unconvincing strategy

Vusion SA

18/02/2026 08:44

** Shares in French food retailer Carrefour CARR.PA fall 4.2% after the company reported underwhelming full-year 2025 results and a new strategic plan that failed to reassure investors

** "The company missed guidance on all counts despite reiterating targets in October – the second year in a row this has happened," J.P. Morgan says

** "Management needs to rebuild confidence and this will take time," the broker says, adding 2030 targets are unlikely to overshadow 2025 outcome and trends

** Jefferies points to a "soft end to 2025", highlighting that full-year FCF missed consensus, no buyback was announced, and there is a lack of firm guidance for 2026

** Bernstein says that while management may be on the right track, "Carrefour will remain a show-me story", adding investors have to "question why management are only just focusing on the core after 8 years in charge"

** AlphaValue adds that persistent weakness in France, particularly in hypermarkets, has been a structural weak spot for several years

** Carrefour also announced a strategic partnership to deploy Vusion's VU.PA electronic tagging system across its French stores, sending the French shelf labelling systems maker's shares up 4.6%, paring gains after rising as much as 17.6%

** Up to the previous session's close, shares in Carrefour were up 8.2%​ YTD

 (Reporting by Dimitri Rhodes in Gdansk)

 ((Dimitri.Rhodes@thomsonreuters.com))