Finland's Tokmanni Q2 revenue misses estimates
Finland's Tokmanni Q2 revenue misses estimates
Overview
Finland variety discounter's Q2 revenue grew 3.3% but missed analyst expectations
Adjusted EBIT for Q2 was EUR 21 mln, down slightly from last year
Profitability pressured by Dollarstore segment, with higher operating expenses and non-cash impairments
Outlook
Tokmanni maintains 2026 revenue guidance at EUR 1,780–1,860 mln
Company sees 2026 comparable EBIT at EUR 85–105 mln
Tokmanni says preparations for autumn and Christmas seasons are progressing as planned
Result Drivers
LOW-PRICE PROGRAMME - Co said revenue growth was supported by its low-price programme across all markets
DOLLARSTORE EXPENSES - Dollarstore segment's increased revenue did not fully offset higher operating expenses, weighing on profitability
LOYALTY PROGRAMME - Tokmanni Klubi loyalty programme strengthened customer engagement and contributed to sales growth
Company press release: ID:nWkr176WRf
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | EUR 457.70 mln | EUR 462.40 mln (5 Analysts) |
Q2 Loss Per Share |
| EUR 0.44 |
|
Q2 Adjusted EBITDA |
| EUR 55.60 mln |
|
Q2 Adjusted EBIT |
| EUR 21 mln |
|
Q2 Like-For-Like |
| 0.30% |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the department stores peer group is "buy."
Wall Street's median 12-month price target for Tokmanni Group Oyj is €7.00, about 3% below its August 6 closing price of €7.22
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)