Jeronimo Martins falls after prelim Q4 sales update

Jeronimo Martins SGPS SA

14/01/2026 09:16

** Shares of Portuguese retailer Jeronimo Martins JMT.LS drop 2.3% after co posts 9% revenue growth in Q4 preliminary results

** J.P. Morgan says growth driven by sequential improvement in Biedronka volumes and robust expansion efforts, though Polish grocery market remains sluggish

** Biedronka's 2.4% like-for-like sales growth outpace JPM estimates of 2%, but fall short of market consensus of 2.8%

** JPM says JMT's valuation remains attractive, although no significant near-term catalysts are in focus ahead of full-year results on March 18

** JMT on track for worst day since November 28, if losses hold

(Reporting by Mireia Merino)

((Mireia.merino@thomsonreuters.com))