ENXTLS:JMTConsumer Retailing
Jerónimo Martins (ENXTLS:JMT) Stock Faces Cash Flow Scrutiny Despite Margin Gains
Jerónimo Martins SGPS stock went into this earnings release under a cloud after a roughly 14% slide over the past three months, even though the shares are only slightly ahead over one and three months. The headline today is margin, not mood. The group delivered €9,378m in Q2 revenue and €0.22 in basic earnings per share while management highlighted that every retail banner lifted its earnings before interest, tax, depreciation and amortisation margin.
Short term traders are fixated on the...