Sweden's Axfood Q4 revenue growth misses analyst expectations

Axfood AB

29/01/2026 06:13

Overview

Swedish food retailer's Q4 revenue missed analyst expectations

Retail sales in Q4 grew 8.7%, and 5.3% excluding City Gross outperforming market growth

Company plans SEK 2.2-2.3 bln investments in 2026, including store expansions

Outlook

Axfood plans to invest SEK 2.2-2.3 bln in 2026

Company aims to open 10-15 new stores in 2026

Axfood invests SEK 470 mln in logistics automation

Result Drivers

RETAIL SALES GROWTH - Axfood's retail sales grew 8.7% in Q4, driven by increased customer traffic and loyalty, with Willys and Hemköp outperforming the market

COST CONTROL - Solid cost control and realised cost savings contributed to increased earnings in Q4

FOSSIL-FREE TRANSPORTS - Axfood completed transition to fossil-free transports in Q4

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
SEK 22.83 bln
SEK 23.18 bln (4 Analysts)
Q4 Adjusted EPS
SEK 2.60
Q4 Net Income
SEK 574 mln
Q4 EBIT
Miss
SEK 860 mln
SEK 869.18 mln (4 Analysts)
Q4 EBIT Margin
3.80%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the food retail & distribution peer group is "buy"

Wall Street's median 12-month price target for Axfood AB is SEK315.00, about 1.3% above its January 28 closing price of SEK311.00

Press Release: ID:nWkr45Cpt0

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)