Jeronimo Martins : Q3 preview: still a challenging environment
>Q3 2024 earnings preview - Jeronimo Martins is due to publish its Q3 2024 results on 30 October. We expect sales to grow 6% y-o-y to € 8.4bn (vs +7% in Q2) while we expect margin deterioration of 68bp to 6.7% (vs -79bp in Q2) as the competitive environment in all regions remains challenging with no sign of uptrading for now. Lastly, we expect the bottom line to post a negative y-o-y trend of -20% impacted by EBITDA (-4% y-o-y), bigger depreciation charges and somew...Jeronimo Martins S.G.P.S. is a holding company. Through its subsidiaries, Co. is engaged as a food distribution company with operations in Poland and Portugal. Co. operates in four segments: Portugal Retail, which comprises the business unit of JMR - Gestao de Empresas de Retalho, SGPS, S.A. (Pingo Doce supermarkets); Portugal Cash & Carry, which includes the wholesale business unit Recheio; Poland Retail, which includes the business unit with the brand Biedronka; and Others, which includes marketing services and representations, restaurants in Portugal, health and beauty retail in Poland, and its retail business in Colombia.
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