By  on January 17, 2018

PARIS — Carrefour SA has downgraded its 2017 profit outlook for a second time. The retailer, which reported its 2017 sales on Thursday after market close, expects to announce recurring operating profit down approximately 15 percent, to 2 billion euros, when it reveals its full results on Feb. 28. It is the second time in six months it has lowered its guidance, after downgrading its previous stronger forecast to 12 percent in August.

“2017 has been a difficult year,” said chief executive officer Matthieu Malige during a conference call.

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