Carrefour S.A., FR0000120172

Carrefour targets Codifrance as Carrefour stock trades below its high

Published on 10/07/2026 at 09:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The Codifrance network supplies 3,000 stores in France. Carrefour stock costs EUR 15.81 on October 7, 2026 versus EUR 15.63, plus 1.15 percent.

Carrefour FR0000120172 Pop-Art-Comic Einkaufswagen voller bunter Lebensmittel knallige Farben — Pop-Art-Comic mit buntem Einkaufswagen feiert Carrefour, ISIN FR0000120172, lebendiges Konsumerlebnis im modernen Massenmarkt der Einzelhändler, Illustration mit AI erstellt.

Carrefour (FR0000120172) reportedly targets Codifrance, a central purchasing group supplying 3,000 stores, while Carrefour stock traded at EUR 15.81 at Lang & Schwarz on October 7, 2026, up 1.15 percent versus the prior close of EUR 15.63. FreshPlaza reported the proposed transaction on October 6, 2026.

Codifrance expands convenience reach

The reported target would add a purchasing platform linked to the Coccinelle, CocciMarket and Viveco banners. FreshPlaza said Codifrance generates EUR 310.0 million in turnover and supplies a network of 3,000 stores, giving the reported deal a direct connection to Carrefour's convenience strategy.

The transaction would also fit Carrefour's effort to strengthen its French store network while competing with Intermarche. The strategic rationale matters because the retailer is shifting attention toward core markets and smaller formats, rather than relying only on hypermarket expansion.

Half-year figures show execution test

Carrefour's first-half 2026 results provide the financial backdrop. In its earnings-call transcript, Yahoo Finance reported adjusted net income of EUR 345 million, up 26.8 percent from the first half of 2025, while adjusted earnings per share rose 18.3 percent to EUR 0.49.

Cost control remains a measurable support. Carrefour achieved EUR 490 million of savings in the first half of 2026 against a full-year target of EUR 1.0 billion, and recurring operating income increased 13.8 percent in the period. The same transcript showed second-quarter sales of EUR 22.7 billion and like-for-like sales growth of 1.9 percent.

Stock remains below yearly high

The market is still pricing Carrefour below its 52-week high of EUR 17.54. At EUR 15.81, the gap is 9.86 percent, while the 52-week low stands at EUR 12.63. The range puts the morning Lang & Schwarz quote closer to the middle of its annual trading band than to either extreme.

Analyst caution remains part of the valuation picture. Ideal Investor reported that Alphavalue cut its target from EUR 16.60 to EUR 16.50 on October 2, 2026, while retaining a Reduce rating. The target is 4.36 percent above the Lang & Schwarz price.

Trading starts above prior close

Carrefour was trading at EUR 15.81 at Lang & Schwarz on October 7, 2026 at 9:17 a.m. CEST, plus 1.15 percent versus the prior close of EUR 15.63 on October 6, 2026. Its primary listing is Euronext Paris, where the ticker is CA.PA and the quotation currency is EUR. The further course of trading is shown by the continuously updated real-time quote of Carrefour stock.