Turkish retailer Migros down after Q2 profit falls 66%, missing estimates

Migros Ticaret AS

13/08/2025 08:52

** Shares in Migros MGROS.IS drop 5% after the Turkish retailer of food and consumer goods reported a 66% slump in its Q2 profit

** Q2 net profit falls to 281.0 million lira ($6.9 million) vs 816.1 million lira a year earlier; J.P.Morgan says this missed market expectations by a wide range

     ** "Although we view store sales growth positively, the significant drop in EBITDA and net profit versus expectations is expected to have a negative impact on the stock's performance," brokerage Global Menkul Değerler says

** Migros is the second worst performer on Turkey's main BIST-100 index .XU100 which is down marginally

($1 = 40.7372 liras)

(Reporting by Canan Sevgili)

((canan.sevgili@thomsonreuters.com))