Jeronimo Martins shares up as Q3 beat 'reassures'

Jeronimo Martins SGPS SA

30/10/2025 08:35

** Shares in Jeronimo Martins JMT.LS rise around 6% after the Portuguese food retailer posted better-than-expected Q3 results

** The company, which also operates Poland's largest food retailer Biedronka, booked a net profit of 214 million euros ($250 million), beating consensus by 11.8% according to J.P.Morgan

** "We see this as a reassuring print in the context of material investor nervousness into the update," JPM says, also pointing to a 0.5% beat on revenue and 2.4% on EBITDA

** Jefferies says the beat on EBITDA was largely driven by Polish LFL/margin

** Biedronka's LFL of 3.6%, above consensus 3.1%, was "impressive" given the well-known poor weather and subdued industry data

** If gains hold, the stock will see its best day in nearly a year; it is among best performers on STOXX 600 .STOXX index

** Biedronka's peer in Poland, Dino Polska DNP.WA, is up around 3%

 (Reporting by Joao Manuel Mauricio)

 ((JoaoManuel.VicenteMauricio@thomsonreuters.com))