Modivo's third-quarter core profit jumps 48% on offline sales and margins
Polish retailer Modivo reported a preliminary 48% rise in third-quarter core profit, driven by offline sales and higher margins, according to Reuters.
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what happened
Polish footwear and fashion retailer Modivo said on Friday that its preliminary third-quarter core profit rose 48%. Strong sales in physical stores and better margins were the main drivers, Reuters reported.
Adjusted EBITDA climbed to 450 million zlotys ($114 million). Revenue grew 11% to 3.2 billion zlotys, while offline sales gained 25% year on year. The off-price unit HalfPrice rose 41% to 802 million zlotys, and the company opened nine ShockPrice stores during the quarter.
Gross margin improved 5.5 percentage points to 51.4%. E-commerce sales fell 4% as the company shifted its online focus toward higher-margin brands.
why it matters
For investors, the results suggest that the off-price push and tighter inventory management are paying off. Strength in offline sales also offers a read on Polish consumer demand beyond this single retailer.
market impact
Polish retail: strong results support sector interest, with minimal effect on the zloty
tags
instruments
sources
- Polish retailer Modivo Q3 core profit jumps 48% on offline sales, margin gains — Reuters, 6 November 2026 at 06:54 UTC
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