Education
About Us
Working with TipRanks
Follow Us
Bunzl PLC (GB:BNZL)
LSE:BNZL
Earnings Data
Report Date
Sep 01, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.81Last Year’s EPS
0.78Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed picture: tangible challenges in 2025 (notably execution issues in North America, margin erosion, EPS decline and regional market headwinds) were balanced by strong cash generation, disciplined capital allocation (buybacks/dividend), operational remediation that produced H2 improvement and continued strategic progress (own brand growth, digital penetration, active M&A pipeline and Nisbets synergies). Management reiterates cautious but constructive 2026 guidance and expects profit stability as a foundation for future organic growth.Company Guidance
Strong cash generation and shareholder returns
Free cash flow of GBP 579m (down 9% year-on-year) with cash conversion at 95%. Completed a GBP 200m share buyback in October and returned almost GBP 450m to shareholders (dividends + buybacks). Dividend increased by 0.3% with dividend cover of 2.4x.
Revenue growth and second-half recovery
Group revenue grew 3.0% at constant exchange rates. Underlying revenue growth was 0.4% for the year, improving from 0.2% in H1 to 0.9% in H2, indicating a return to underlying growth in the second half. Acquisitions contributed +3.3% to revenue (partial offset: disposal -0.4%).
Operational improvements moderated margin decline
Actions (leadership changes, restoring local pricing/inventory control, improved service levels) drove operational improvement and a moderation of margin decline in H2 (margin down 0.9 ppt in H1 vs down 0.4 ppt in H2). These actions supported over $100m of new business in Q4.
Disciplined M&A and active pipeline
Completed 8 acquisitions in 2025 with total spend GBP 132m. Pipeline remains active (>1,300 potential targets). Historical discipline: >230 acquisitions since 2004 and targeted acquisition multiples of c.6–8x operating profit; bolt-on deals historically deliver strong ROIC (year 2 ROIC cited at 13.3%).
Own brand, digital penetration and operational efficiency gains
Own brand penetration increased to 30% (Europe +1% during the year). Digital order penetration reached 76%. Completed 36 warehouse consolidations/relocations across the group (vs 19 last year) and identified further procurement/automation efficiencies (e.g., Nisbets synergies, automated picking pilots).
Leverage and balance sheet in target range
Adjusted net debt to EBITDA around 2.0x (up from 1.8x) and at the lower end of the stated 2.0–2.5x target range. Deferred consideration reduced (cash deferred consideration down GBP 33m to GBP 226m; total deferred & contingent GBP 279m).
Nisbets integration progress
Nisbets delivered better-than-expected synergies in H2, improved inventory management and cash generation. U.K. & Ireland revenue strong; Nisbets expected to meet projected WACC around year 4 with improved returns over time.
GB:BNZL 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
GB:BNZL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 02, 2026 | 2194.00 p | 2246.00 p | +2.37% |
Aug 26, 2025 | 2362.52 p | 2483.42 p | +5.12% |
Mar 03, 2025 | 3264.12 p | 2977.25 p | -8.79% |
Aug 27, 2024 | 3096.76 p | 3343.42 p | +7.97% |
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 PLC (GB:BNZL) report earnings?
Bunzl PLC (GB:BNZL) is schdueled to report earning on Sep 01, 2026, Before Open (Confirmed).
What is Bunzl PLC (GB:BNZL) earnings time?
Bunzl PLC (GB:BNZL) 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 the P/E ratio of Bunzl PLC stock?
The P/E ratio of Bunzl plc is N/A.
What is GB:BNZL EPS forecast?
GB:BNZL EPS forecast for the fiscal quarter 2026 (Q2) is 0.81.