France's Fnac Darty Q3 revenue rises on strong European growth

Fnac Darty SA

21/10/2026 16:57

Overview
France electronics retailer's Q3 revenue rose 1.8% LFL yr/yr
Gross margin rate rose 40 bps, helped by services and product mix
European Commission cleared EP Group takeover bid, offer closes November 9

Outlook
Fnac Darty confirms expectation of higher 2026 operating margin rate and free cash flow
Company maintains 2030 strategic objectives under Beyond everyday plan
Fnac Darty targets at least EUR 20 mln in synergies by end-2026

Result Drivers
SERVICES AND PRODUCT MIX - Co said gross margin rate rose due to increased contribution from services and favorable product mix
ONLINE AND OMNICHANNEL SALES - Co said growth in online and Click & Collect sales helped drive overall revenue
DOMESTIC APPLIANCES - Co said revenue growth was supported by strong sales of small and large domestic appliances

Company press release: ID:nGNEvcN6b

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
EUR 2.51 bln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the computer & electronics retailers peer group is "buy."
Wall Street's median 12-month price target for Fnac Darty SA is €35.50, about 1.9% above its October 20 closing price of €34.85
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

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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.)