Turkish retailer Migros jumps following Q1 results

Migros Ticaret AS

06/05/2026 08:50

** Shares in Migros MGROS.IS rise as much as 6% after the Turkish retailer of food and consumer goods released its Q1 report

** Q1 net profit came at 1.6 billion lira ($35.37 million), up from 1.3 billion lira year ago and Q1 revenue came at 109.2 billion lira up from 102.6 billion lira year ago

** Brokerage Is yatirim states that net profit was above their expectation of 518 mln lira and the consensus expectation of 650 mln lira

** Is yatirim cites "strong revenue growth, margin improvement, and net profit significantly above expectations" was behind the solid performance

** The brokerage states they expect positive market reaction to the results

** The stock is among the best performers on Turkey's main BIST 100 .XU100 index, which is up 1.9%

($1 = 45.2361 liras)

 (Reporting by Arda Dipova)

 ((arda.dipova@thomsonreuters.com))