Migros Profit Falls in Third Quarter, Sales Growth Outlook for 2026 Cut
Migros reported third-quarter net profit of 3.5 billion lira, down from 5.1 billion a year earlier, and lowered its 2026 consolidated sales growth forecast to 4%-5%.
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what happened
Migros Ticaret reported third-quarter net profit of 3.5 billion lira, down from 5.1 billion lira a year earlier, while revenue rose to 143.3 billion lira from 138.7 billion lira, according to Reuters, which cited the company's disclosure.
The retailer revised its 2026 consolidated sales growth guidance to 4%-5%, down from its previous forecast of 5.0%-7.0%. It kept its 2026 EBITDA margin forecast at 6.0%-7.0%, its capital expenditure-to-sales ratio guidance at 2.5%-3.0%, and its plan to open 180-200 new stores.
why it matters
Falling profit alongside higher revenue suggests margin pressure in Turkish retail is continuing. A lower sales growth outlook weakens the picture for investors in the sector amid high inflation and a volatile lira.
market impact
Migros shares: weaker profit and a more modest sales outlook put pressure on the stock
- Migros shares pressure down — weaker profit and a cut to the sales growth forecast weaken expectations for the company
tags
instruments
sources
- Migros Q3 Net Profit Shrinks To 3.5 Bln Lira YoY, Revises 2026 Consolidated Sales Growth Guidance — Reuters, 6 November 2026 at 05:25 UTC
- Tofas Q3 Net Profit Up At 4.3 Bln Lira YoY, Revises 2026 Exports, Local Sales and Production Guidance — Reuters, 6 November 2026 at 05:38 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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