Carrefour S.A., FR0000120172

Carrefour stock gains 1.16 percent as Codifrance bid emerges

Published on 10/06/2026 at 16:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Carrefour stock was trading at EUR 15.68 on October 6, 2026, after a reported EUR 155 million Codifrance bid. H1 adjusted net income rose 26.8 percent to EUR 345 million.

Carrefour FR0000120172 Hypermarkt-Innenraum mit langen Regalreihen, weite Verkaufsfläche — Fotorealistischer Hypermarkt mit Regalreihen symbolisiert Carrefour, ISIN FR0000120172, französischer Einzelhandelsriese der Konsumgüterbranche europaweit, Illustration mit AI erstellt.

Carrefour stock (ISIN FR0000120172) was trading at EUR 15.68 on Euronext Paris on October 6, 2026, up 1.16 percent from EUR 15.50. The reported EUR 155 million Codifrance proposal gives the session a concrete strategic backdrop, while the latest half-year figures show higher adjusted profit.

Codifrance expands proximity retail

FreshPlaza reported on October 6, 2026, that Carrefour plans to acquire Codifrance from Belgian group Colruyt for EUR 155 million. Codifrance supplies 3,000 stores, with about one third operating under the Coccinelle, CocciMarket or Viveco brands.

The proposal would strengthen Carrefour's presence in French convenience retail and help protect its franchise network from rival supply channels. The transaction still requires agreement between the parties, so its value for Carrefour depends on how many independent stores ultimately adopt Carrefour branding.

Profit growth meets cash pressure

According to Investing.com in its Q2 2026 earnings summary, second-quarter sales reached EUR 22.7 billion, up 2.8 percent year over year, while H1 adjusted EPS rose 18.3 percent to EUR 0.49. H1 adjusted net income increased 26.8 percent to EUR 345 million, and Carrefour had achieved EUR 490 million of its EUR 1 billion cost-saving target.

The operating picture is therefore mixed in a measurable way. Profit and savings improved, but the same summary put H1 free cash flow at negative EUR 1.922 billion and net financial debt at EUR 5.8 billion, leaving the balance sheet relevant to any acquisition discussion.

Analyst target stays above price

The analyst consensus published by Investing.com comprises 15 analysts and carries an overall Buy rating. Its average 12-month price target is EUR 16.873, which lies 7.6 percent above the EUR 15.68 reference price; the highest target is EUR 22 and the lowest is EUR 9.

At the October 6 market price, Carrefour trades EUR 1.86 below that average target. The comparison gives investors a clear test for the Codifrance story: the proposed expansion must add operating value while the group continues to manage cash generation.

Carrefour stock trades below yearly high

Carrefour stock was last at EUR 15.68 on Euronext Paris at 4:35 p.m. CEST on October 6, 2026. Its 52-week range was EUR 12.63 to EUR 17.54, while market capitalization stood at EUR 11.1 billion and volume reached 841,819 shares.