Maisons du Monde: Heads for best day ever after slight Q1 beat

Maisons du Monde SA

10/05/2019 09:09

** Shares in home decor retailer Maisons du Monde  MDM.PA 
soar 12% after Q1 update
    ** Stock is recovering after losing 12% over the week ahead
of the update
    ** The company reported Q1 sales slightly above expectations
(280 mln euros vs consensus 277 mln euros) and reiterated its
2019 guidance
    ** Both JP Morgan and Bryan, Garnier & Co agree the French
market is weak vs the group’s outperformance in the rest of
Europe, which could raise questions about the strengthening of
the competition 
    ** Jefferies, on the other hand, believes the company can
continue to win French market share through the cycle in
addition to growing internationally
    ** Bryan, Garnier & Co remains doubtful about the ability of
the stock to rebound ahead of the CMD in June 
    ** Shares set for the best day ever, trade at top of the SBF
120 index  .SBF120  

 (Reporting by Masha Osipova)
 ((Masha.Osipova@thomsonreuters.com;))