The earnings call reflects a mixed performance with both achievements and challenges. Sales and EBITDA growth were positive, supported by market share gains and strong performances from HeBe and Ara. However, cost pressures, particularly from labor, and negative calendar effects posed significant challenges. The like-for-like sales decline in key segments such as Biedronka and Recheio, alongside working capital outflows, added to the concerns.
Company Guidance
During the first quarter of the fiscal year 2025, the company experienced a challenging environment marked by a volatile and uncertain landscape, yet managed to achieve a sales growth of 3.8% or 1.9% at constant exchange rates, reaching €8.4 billion. The EBITDA also increased by 3.8% or 1.2% at constant exchange rates, maintaining a stable margin of 6.3%. Despite a negative calendar effect ranging between 3 to 4 percentage points of sales growth, the group ended March with a positive cash position of €332 million. Key contributors included a rise in minimum wages, which increased household disposable income, although families remained cautious in their spending. The period saw Biedronka's sales grow by 3.4% to €5.9 billion, with a 0.3 percentage point market share gain, despite a negative like-for-like of -3.5%. Meanwhile, HeBe's sales grew 11.9% to €145 million, and Ara's sales rose 9.1% to €775 million, driven by strong promotional activities. The group also reported a cash outflow of €398 million due to seasonal factors and approved a dividend of €0.59 per share, totaling €370.8 million. Looking ahead, the company remains focused on maintaining price competitiveness and managing margin pressures amid a volatile consumer environment and high cost pressures.
Sales Growth
Sales grew by 3.8% or 1.9% at constant exchange rates to reach €8.4 billion, despite negative calendar effects.
EBITDA Performance
EBITDA increased by 3.8% or 1.2% at constant exchange rates, with the margin remaining stable at 6.3%.
Positive Cash Position
The group registered a positive cash position of €332 million at the end of March.
Market Share Gain
Biedronka achieved a 0.3 percentage point market share gain during the period.
HeBe Sales Growth
HeBe's sales grew by 11.9% or 8.5% in local currency, with the online channel representing 21% of the total turnover.
Ara's Robust Performance
Ara's sales grew by 9.1% or 13% in local currency, and it opened nine stores and one distribution center in the first quarter.
Jeronimo Martins SGPS SA (JRONY) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
JRONY Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
May 07, 2025
$47.74
$50.12
+4.99%
Mar 19, 2025
$42.08
$41.52
-1.33%
Oct 30, 2024
$35.56
$35.30
-0.73%
Jul 24, 2024
$41.62
$41.74
+0.29%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Jeronimo Martins SGPS SA (JRONY) report earnings?
Jeronimo Martins SGPS SA (JRONY) is schdueled to report earning on Aug 01, 2025, TBA Not Confirmed.
What is Jeronimo Martins SGPS SA (JRONY) earnings time?
Jeronimo Martins SGPS SA (JRONY) earnings time is at Aug 01, 2025, TBA Not Confirmed.
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