Jeronimo Martins shares jump on Q2 margin beat at Biedronka
30/07/2026 08:41
BUZZ-Jeronimo Martins shares jump on Q2 margin beat at Biedronka ** Shares in Jeronimo Martins JMT.LS rise around 5% on margin beat at Biedronka, Poland's largest food retailer
** Biedronka's Q2 margin increased over 40bps y/y (vs consensus assumptions of flat), and group margins rose 20bps y/y (vs consensus modelling a 10bps decline), J.P. Morgan says
** Jefferies says that the "remarkable margin beat at Biedronka" is "impressive" in the context of a heavy basket deflation, driven by a combination of cost saves and mix
** The stock set for its best day since end-October 2025
** Biedronka's peer in Poland, Dino Polska DNP.WA, is up around 1.3%
(Reporting by Tiago Brandao)