Reported Earnings • Jul 30
Second quarter 2026 earnings released: EPS: €0.22 (vs €0.23 in 2Q 2025) Second quarter 2026 results: EPS: €0.22 (down from €0.23 in 2Q 2025). Revenue: €9.38b (up 4.0% from 2Q 2025). Net income: €141.0m (flat on 2Q 2025). Profit margin: 1.5% (down from 1.6% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Board Change • Jul 14
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Non-Executive Director Elizabeth Bastoni was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Jun 24
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Non-Executive Director Elizabeth Bastoni was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Jun 05
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Non-Executive Director Elizabeth Bastoni was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • May 21
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Non-Executive Director Elizabeth Bastoni was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Aankondiging • Apr 29
Jerónimo Martins, SGPS, S.A. announces Annual dividend, payable on May 12, 2026 Jerónimo Martins, SGPS, S.A. announced Annual dividend of EUR 0.6500 per share payable on May 12, 2026, ex-date on May 08, 2026 and record date on May 11, 2026. Aankondiging • Mar 31
Jerónimo Martins, SGPS, S.A., Annual General Meeting, Apr 23, 2026 Jerónimo Martins, SGPS, S.A., Annual General Meeting, Apr 23, 2026. Location: rua actor antonio silva n 7, lisbon Portugal Aankondiging • May 07
Jerónimo Martins, SGPS, S.A. announces Annual dividend, payable on May 15, 2025 Jerónimo Martins, SGPS, S.A. announced Annual dividend of EUR 0.5900 per share payable on May 15, 2025, ex-date on May 13, 2025 and record date on May 14, 2025. Aankondiging • Dec 20
Jerónimo Martins, SGPS, S.A. to Report Q1, 2025 Results on May 07, 2025 Jerónimo Martins, SGPS, S.A. announced that they will report Q1, 2025 results After-Market on May 07, 2025 Declared Dividend • May 05
Dividend of €0.66 announced Shareholders will receive a dividend of €0.66. Ex-date: 13th May 2024 Payment date: 15th May 2024 Dividend yield will be 3.4%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 7.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: €0.15 (vs €0.22 in 1Q 2023) First quarter 2024 results: EPS: €0.15 (down from €0.22 in 1Q 2023). Revenue: €8.07b (up 19% from 1Q 2023). Net income: €97.0m (down 31% from 1Q 2023). Profit margin: 1.2% (down from 2.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • Apr 10
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. Independent Non-Executive Director Natalia Olynec was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 08
Full year 2023 earnings released: EPS: €1.20 (vs €0.94 in FY 2022) Full year 2023 results: EPS: €1.20 (up from €0.94 in FY 2022). Revenue: €30.6b (up 21% from FY 2022). Net income: €756.0m (up 28% from FY 2022). Profit margin: 2.5% (up from 2.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Board Change • Jan 19
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. Independent Non-Executive Director Natalia Olynec was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 07
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. Independent Non-Executive Director Natalia Olynec was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: €0.32 (vs €0.25 in 3Q 2022) Third quarter 2023 results: EPS: €0.32 (up from €0.25 in 3Q 2022). Revenue: €7.94b (up 22% from 3Q 2022). Net income: €202.0m (up 29% from 3Q 2022). Profit margin: 2.5% (up from 2.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Board Change • Sep 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. Independent Non-Executive Director Natalia Olynec was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: €0.34 (vs €0.28 in 2Q 2022) Second quarter 2023 results: EPS: €0.34 (up from €0.28 in 2Q 2022). Revenue: €7.71b (up 21% from 2Q 2022). Net income: €217.0m (up 25% from 2Q 2022). Profit margin: 2.8% (up from 2.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Board Change • Aug 18
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. Independent Non-Executive Director Natalia Olynec was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: €0.34 (vs €0.28 in 2Q 2022) Second quarter 2023 results: EPS: €0.34 (up from €0.28 in 2Q 2022). Revenue: €7.71b (up 21% from 2Q 2022). Net income: €217.0m (up 25% from 2Q 2022). Profit margin: 2.8% (up from 2.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 26
First quarter 2023 earnings released: EPS: €0.22 (vs €0.14 in 1Q 2022) First quarter 2023 results: EPS: €0.22 (up from €0.14 in 1Q 2022). Revenue: €6.80b (up 23% from 1Q 2022). Net income: €140.0m (up 59% from 1Q 2022). Profit margin: 2.1% (up from 1.6% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 08
Upcoming dividend of €0.55 per share at 2.4% yield Eligible shareholders must have bought the stock before 15 May 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (4.4%). Board Change • Apr 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. Independent Non-Executive Director Natalia Olynec was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 25
Full year 2022 earnings released: EPS: €0.94 (vs €0.74 in FY 2021) Full year 2022 results: EPS: €0.94 (up from €0.74 in FY 2021). Revenue: €25.4b (up 22% from FY 2021). Net income: €590.0m (up 27% from FY 2021). Profit margin: 2.3% (up from 2.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 26
Third quarter 2022 earnings released: EPS: €0.25 (vs €0.22 in 3Q 2021) Third quarter 2022 results: EPS: €0.25 (up from €0.22 in 3Q 2021). Revenue: €6.51b (up 23% from 3Q 2021). Net income: €157.0m (up 15% from 3Q 2021). Profit margin: 2.4% (down from 2.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 14% per year. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: €0.29 (vs €0.22 in 3Q 2021) Third quarter 2022 results: EPS: €0.29 (up from €0.22 in 3Q 2021). Revenue: €6.51b (up 23% from 3Q 2021). Net income: €157.0m (up 14% from 3Q 2021). Profit margin: 2.4% (down from 2.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: €0.28 (vs €0.20 in 2Q 2021) Second quarter 2022 results: EPS: €0.28 (up from €0.20 in 2Q 2021). Revenue: €6.37b (up 25% from 2Q 2021). Net income: €173.0m (up 34% from 2Q 2021). Profit margin: 2.7% (up from 2.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 10%, compared to a 5.7% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 16% per year. Reported Earnings • Jul 27
Second quarter 2022 earnings released: EPS: €0.28 (vs €0.20 in 2Q 2021) Second quarter 2022 results: EPS: €0.28 (up from €0.20 in 2Q 2021). Revenue: €6.37b (up 25% from 2Q 2021). Net income: €173.0m (up 35% from 2Q 2021). Profit margin: 2.7% (up from 2.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.0%, compared to a 4.9% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 14% per year. Upcoming Dividend • May 09
Upcoming dividend of €0.79 per share Eligible shareholders must have bought the stock before 16 May 2022. Payment date: 18 May 2022. Payout ratio is on the higher end at 99%, however this is supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of British dividend payers (4.8%). In line with average of industry peers (4.4%). Board Change • May 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Elizabeth Bastoni was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 01
First quarter 2022 earnings released: EPS: €0.14 (vs €0.092 in 1Q 2021) First quarter 2022 results: EPS: €0.14 (up from €0.092 in 1Q 2021). Revenue: €5.51b (up 15% from 1Q 2021). Net income: €88.0m (up 53% from 1Q 2021). Profit margin: 1.6% (up from 1.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.7%, compared to a 5.0% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year. Reported Earnings • Mar 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €0.74 (up from €0.50 in FY 2020). Revenue: €20.9b (up 8.3% from FY 2020). Net income: €463.0m (up 48% from FY 2020). Profit margin: 2.2% (up from 1.6% in FY 2020). The increase in margin was driven by higher revenue. Like-for-like sales growth: 8.0% vs FY 2020 Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.0%, compared to a 7.3% growth forecast for the retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Jan 26
Now 23% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €26.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% per annum over the last 3 years. Earnings per share has been flat over the last 3 years. Reported Earnings • Nov 27
Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2021 results: EPS: €0.22 (up from €0.18 in 3Q 2020). Revenue: €5.30b (up 8.7% from 3Q 2020). Net income: €137.5m (up 20% from 3Q 2020). Profit margin: 2.6% (up from 2.4% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 6.6%, compared to a 5.5% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Reported Earnings • Oct 28
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €5.30b (up 8.7% from 3Q 2020). Net income: €137.0m (up 19% from 3Q 2020). Profit margin: 2.6% (up from 2.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS €0.20 (vs €0.11 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €5.12b (up 11% from 2Q 2020). Net income: €128.6m (up 85% from 2Q 2020). Profit margin: 2.5% (up from 1.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Jul 29
Second quarter 2021 earnings released: EPS €0.20 (vs €0.11 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €5.12b (up 11% from 2Q 2020). Net income: €129.0m (up 86% from 2Q 2020). Profit margin: 2.5% (up from 1.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • May 28
First quarter 2021 earnings released: EPS €0.092 (vs €0.055 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €4.79b (up 1.5% from 1Q 2020). Net income: €57.7m (up 66% from 1Q 2020). Profit margin: 1.2% (up from 0.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • May 01
First quarter 2021 earnings released: EPS €0.09 (vs €0.055 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €4.79b (up 1.5% from 1Q 2020). Net income: €58.0m (up 67% from 1Q 2020). Profit margin: 1.2% (up from 0.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 27
Upcoming dividend of €0.29 per share Eligible shareholders must have bought the stock before 04 May 2021. Payment date: 06 May 2021. Trailing yield: 2.0%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (5.4%). Reported Earnings • Apr 12
Full year 2020 earnings released: EPS €0.50 (vs €0.62 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €19.3b (up 3.5% from FY 2019). Net income: €312.1m (down 20% from FY 2019). Profit margin: 1.6% (down from 2.1% in FY 2019). The decrease in margin was driven by higher expenses. Like-for-like sales growth: 3.5% vs FY 2019 Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Mar 06
Revenue beats expectations Revenue exceeded analyst estimates by 0.1%. Over the next year, revenue is forecast to grow 4.5% compared to a 1.2% decline forecast for the Consumer Retailing industry in the United Kingdom. Reported Earnings • Mar 06
Full year 2020 earnings released: EPS €0.50 (vs €0.62 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €19.3b (up 3.5% from FY 2019). Net income: €312.0m (down 20% from FY 2019). Profit margin: 1.6% (down from 2.1% in FY 2019). The decrease in margin was driven by higher expenses. Like-for-like sales growth: 3.5% vs FY 2019 Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 5% per year. Is New 90 Day High Low • Feb 03
New 90-day low: €12.90 The company is down 7.0% from its price of €13.94 on 05 November 2020. The British market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.86 per share. Upcoming Dividend • Dec 07
Upcoming Dividend of €0.14 Per Share Will be paid on the 16th of December to those who are registered shareholders by the 14th of December. The trailing yield of 1.5% is below the top quartile of British dividend payers (4.8%), and is lower than industry peers (3.7%). 
