Carrefour (CA FP) Q1 2026 (EUR): Revenue 21.1bln (exp. 21.9bln) and affirms outlook; did not see significant changes to consumer behavior in March after Iran conflict started

Context

Carrefour's Q1 2026 revenue missed expectations, reporting €21.1 billion versus the anticipated €21.9 billion, indicating potential headwinds in consumer spending. However, their affirmation of the outlook suggests confidence in their strategic positioning despite recent geopolitical tensions in Iran, which they report have not significantly altered consumer behavior. This mixed bag might lead to cautious sentiment in the retail sector, influencing trading strategies and sector performance.

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