Norway's Europris Q3 sales miss estimates as lower footfall and weak campaigns weigh

Europris ASA

29/10/2026 06:10

Overview
Norway variety retailer's Q3 sales fell 1.6% yr/yr, missing analyst expectations
Gross margin rose to 42% from 40.7% despite lower footfall
Lower Q3 sales driven by early summer and weaker campaign performance

Outlook
Europris expects consumers to remain price-conscious, focusing on value and promotions
Group reiterates ambition to grow ÖoB sales to SEK 5 bln and achieve 5% EBIT margin by end-2028
Visibility remains limited for certain costs, with further volatility in energy, freight and inputs possible

Result Drivers
EARLY SUMMER - Co said lower footfall in Q3 reflected an earlier onset of summer in the Nordics compared with last year
CAMPAIGN WEAKNESS - Co said campaign programme performed below expectations in Q3 and corrective measures have been initiated
PRICE-CONSCIOUS CUSTOMERS - Co said customers continued to favour lower-priced items, with sales of campaign and private-label products growing

Company press release: ID:nWkr3YGsWk

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
NOK 3.47 bln
NOK 3.58 bln (4 Analysts)
Q3 Gross Margin
 
42.00%
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the discount stores peer group is "buy."
Wall Street's median 12-month price target for Europris ASA is NOK90.00, about 5.5% above its October 28 closing price of NOK85.30
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
Oct 28 - Norwegian Air Q3 operating margin rises to 21.4% on summer travel demand
Oct 28 - Norway's Borregaard Q3 EBITDA hits record, beats analyst estimates
Oct 26 - Medifast Q3 revenue falls on fewer active earning coaches

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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.)