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Bunzl (BZLFY)
OTHER OTC:BZLFY
Earnings Data
Report Date
Sep 01, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.54Last Year’s EPS
0.52Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed picture: management acknowledged a challenging 2025 with execution issues (notably in North America distribution), margin and profit declines, and difficult end-market conditions, while highlighting a strong cash generation, successful corrective actions that moderated margin declines in H2, Q4 new business wins (>USD 100m), improving underlying revenue momentum, operational efficiencies, and meaningful progress on own brand and Nisbets synergies. Given the balance of significant operational challenges and clear evidence of recovery actions and financial resilience, the tone is cautiously constructive but not fully recovered.Company Guidance
Revenue Growth and Underlying Momentum
Group revenue increased 3.0% at constant exchange rates in 2025, with underlying revenue growth of 0.4% for the year and improvement during the year to 0.9% in H2 (vs 0.2% in H1). New business wins in Q4 contributed to the H2 acceleration.
Strong Cash Generation and Capital Returns
Generated GBP 579 million of free cash flow (cash conversion 95%). Completed a GBP 200 million share buyback in October and returned almost GBP 450 million to shareholders (dividends + buybacks). Adjusted net debt-to-EBITDA around 2.0x, within target leverage range.
Moderation of Margin Decline and Operational Recovery in H2
Adjusted operating margin declined to 7.6% (from 8.3% in 2024), but margin decline moderated in H2 (H1 down 0.9pp year-on-year; H2 down 0.4pp). Actions taken (leadership changes, cost management, restoring local decision-making) drove improved execution and service levels.
Commercial Wins and Own Brand Progress
Established more than USD 100 million of new business in Q4 (national grocery and foodservice customers). Own brand penetration increased to 30% group-wide (up ~2pp year-on-year, +1pp in Continental Europe) and digital order penetration reached 76%.
Acquisitions, Synergies and Strategic Expansion
Completed 8 acquisitions (GBP 132 million spend) including first healthcare entry in Chile and physical presence established in Slovakia. Nisbets integration delivered better-than-expected synergies and strong H2 profit performance; bolt-on M&A pipeline remains active.
Operational Efficiency Programs
Completed 36 warehouse consolidations/relocations (vs 19 prior year) and implemented procurement and demand-planning initiatives; Europe saw 10 warehouse consolidations in 2025 (major program in France reducing warehouses from 15 to 6) expected to deliver net benefits in 2026.
Employee Engagement and Strategic Confidence
Maintained a 71% Trust Index score (Great Place to Work). Management reiterated 2026 guidance (moderate revenue growth and more stable adjusted operating profit) and emphasized medium-term confidence in the Bunzl model and consolidation opportunities.
BZLFY Earnings History
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
BZLFY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 02, 2026 | $14.75 | $15.02 | +1.81% |
Aug 26, 2025 | $15.96 | $16.74 | +4.93% |
Mar 03, 2025 | $20.57 | $18.93 | -8.00% |
Aug 27, 2024 | $20.48 | $22.16 | +8.22% |
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 Bunzl (BZLFY) report earnings?
Bunzl (BZLFY) is schdueled to report earning on Sep 01, 2026, Before Open (Confirmed).
What is Bunzl (BZLFY) earnings time?
Bunzl (BZLFY) earnings time is at Sep 01, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BZLFY EPS forecast?
BZLFY EPS forecast for the fiscal quarter 2026 (Q2) is 0.54.