Carrefour lowers outlook at Q3 after riot impacts

Carrefour reported Q3 sales of EUR22.78 billion, with LFL growth of 2.3%. Sales rose 1.2% LFL in France, 2.1% in Spain and 1.4% in Brazil, while ecommerce grew 18%. However, the retailer lowered its full-year outlook amid unrest disrupting French outlets and consumer spending. It now expects operating margin growth of 0-15 basis points, against 25 previously, and slightly lower free cash flow. (Carrefour)