Magnum Ice Cream Co. N.V. (MICC)
NYSE:MICC
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.81Last Year’s EPS
1.06Same Quarter Last Year
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a constructive operational story: solid top-line performance (4.2% organic growth), positive volume growth, brand-led innovation and clear execution (market share gains and expanded cabinets), backed by a productivity program that has already delivered meaningful savings and a staged plan to reinvest for growth. Offsetting these positives are significant near-term headwinds and technical impacts: exceptional commodity inflation (380 bps) in 2025, TSA-related margin effects and separation/demerger cash costs that materially depressed reported EBITDA and free cash flow in the near term, plus acquisition-related perimeter dilution from India. Management frames most negatives as transitional or non-recurring (TSAs, separation costs, commodity normalization expected) while highlighting 2026 guidance for 3–5% organic growth and a 40–60 bps comparable adjusted EBITDA margin improvement. Given the balance of durable operational strengths and clear mitigation plans versus largely transitional and explainable near-term financial impacts, the overall tone is positive but pragmatic and execution-focused.Company Guidance
Revenue and Organic Growth
Reported full-year revenue of EUR 7.9 billion with organic sales growth of 4.2% in 2025.
Volume Growth
Volume increased by 1.5% year-on-year, demonstrating demand resilience despite macro uncertainty and input cost pressures.
Regional Market Share and Country Wins
Gained share across most markets: U.S. market share +24 basis points with U.S. organic sales growth 1.7% and volume growth 1.8%; Europe/ANZ OSG 3.3% and 37 basis points of market share gains; EMEA (Asia, Middle East & Africa) delivered double-digit growth (10.9%) with ~4.5% volume growth and share gains in markets such as China, Turkey, Pakistan and Indonesia.
Brand and Innovation Momentum
Strong performance from flagship brands and new launches (Magnum Utopia/BonBons; Ben & Jerry’s share gains; Cornetto expansion; Heartbrand multi-layer stick scaling). Better-for-you formats expanded (Yasso +30% growth; Breyers CarbSmart growth) and faster idea-to-shelf execution (example: Magnum Dubai chocolate to Turkey in 6 months).
Productivity Program Progress
Structural productivity savings continued: management reported further savings of EUR 180 million in 2025 on top of EUR 70 million in H2 2024, bringing cumulative savings to EUR 250 million toward a EUR 500 million program (CFO also referenced EUR 72 million savings as planned in specific commentary).
Gross Margin Resilience (Operationally)
Despite a 380 basis point commodity inflation headwind, supply chain productivity (170 bps) plus selective pricing (230 bps) more than offset the raw material pressure; excluding FX translation, gross margin improved ~20 basis points operationally (reported gross margin down ~30 bps due to FX).
Balance Sheet and Financing
Net debt-to-adjusted EBITDA ended 2025 at 2.4x, in line with capital allocation policy. Debut bond issuance in Nov 2025 was oversubscribed over seven times, securing competitive financing as a stand-alone company.
Capital Allocation and Availability Expansion
Cabinet fleet expanded (around 3 million cabinets); cabinet CapEx up ~10% to support availability and out-of-home growth; overall CapEx stepped up to ~4.5% of sales (from ~3.5–4%), and sales force investments completed (dedicated ice cream sales force ~1,000 people).
MICC Earnings History
Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release | Slides | Play Transcript |
|---|---|---|---|---|---|---|---|
Jul 30, 2026 | 2026 (Q2) | 1.059 | ― | ― | ― | ||
Feb 12, 2026 | 2025 (Q4) | 0.244 | -61.35% (-0.15) |
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
MICC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $19.87 | $16.31 | -17.92% |
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 Magnum Ice Cream Co. N.V. (MICC) report earnings?
Magnum Ice Cream Co. N.V. (MICC) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).
What is Magnum Ice Cream Co. N.V. (MICC) earnings time?
Magnum Ice Cream Co. N.V. (MICC) earnings time is at Jul 30, 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 MICC EPS forecast?
MICC EPS forecast for the fiscal quarter 2026 (Q2) is 0.81.