Jeronimo Martins jumps after Q1 beat 'on all relevant fronts'

Jeronimo Martins SGPS SA

08/05/2025 08:51

** Shares in Jeronimo Martins JMT.LS rise around 6% after the Portuguese retailer and food distributor's Q1 results beat market expectations

** It posted on Wednesday net profit of 127 mln euros, above the average of 104.8 mln euros expected by analysts as per LSEG data

** "Jeronimo delivered above expectations on all relevant fronts (Biedronka margins, group EBITDA, net income)," J.P. Morgan says

** The broker expects Polish brand Biedronka to continue to deliver long-term higher LFLs to the group vs its competition and sees LFLs reacceleration and earnings growth to follow suit

** The stock is up 5.9%​ at 0739 GMT, outperforming the Portuguese blue-chip PSI20 index, which rises 0.6%

** Biedronka's Polish peer Dino DNP.WA is up around 4%

 (Reporting by Mireia Merino)

 ((Mireia.Merino@thomsonreuters.com; Reuters Messaging: mireia.merino.thomsonreuters.com@reuters.net))