Migros Turk TAS

Migros reported a Q2 loss of 699 million lira, markedly missing the market expectation of a 407 million lira profit. Broker Is Yatirim attributes the result to weaker operating profitability, higher write‑downs and the reversal of deferred tax assets; higher advertising spending and increased costs for distribution centers also weighed on the EBITDA margin. The stock fell 7.6% to 582 ₺, technical indicators signal short‑term weakness, while analysts maintain the long‑term consensus and buy recommendations with a substantial 12‑month upside potential. » Altro su de.investing.com

Migros reports net sales of 109 billion TRY for Q1 2026 (+40% nominal, real growth 6.4%) and net income of 1.6 billion TRY (+19%). E‑commerce sales rose 23% and account for 23.5% of total sales, and 51 new stores were opened. EBITDA stood at 5.3 billion TRY (margin 4.8%) and free cash flow was 1.1 billion TRY; gross margins were pressured by the takeover of subcontractor employees. Migros is pursuing operational efficiency, digital expansion and hybrid store formats, but sees risks from supply disruptions, weak consumer demand and volatile energy costs. » Altro su de.investing.com

Migros is pulling out of Germany and intends to sell Tegut; under current plans about 200 stores would go to Edeka and around 40 branches to Rewe, subject to approval by the Federal Cartel Office. Regional suppliers and producers face uncertainty because Tegut, an important buyer of organic and regional products, would disappear. The takeover would further increase concentration in the grocery retail market and is likely to attract strict conditions and a prolonged review. » Altro su tagesschau.de