Jerónimo Martins SGPS S.A./€JMT

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About Jerónimo Martins SGPS S.A.

Jerónimo Martins SGPS S.A. is a multinational food distribution and retail company, primarily operating in the food retail sector. The company is known for its supermarket chains, including Pingo Doce in Portugal and Biedronka in Poland, which contribute significantly to its revenue. Founded in 1792, Jerónimo Martins has a long history as a family business, evolving over the centuries to become a major player in the European retail market. The company is headquartered in Lisbon, Portugal, and operates extensively across Poland, Portugal, and Colombia. Its strategic emphasis on cost efficiency, strong brand portfolio, and expansion in high-growth markets contribute to its competitive positioning in the industry.
Ticker
€JMT
Primary listing
XLIS
Employees
136,255
Headquarters
Lisbon, Portugal

JMT Metrics

BasicAdvanced
€11B
17.57
€1.01
0.51
€0.65
3.68%

Bulls say / Bears say

H1 2026 EBITDA margin at Polish unit Biedronka rose to 8.0%, driven by operational discipline and cost control despite a deflationary pricing environment (Reutersturn4view0)
In Q1 2026, net sales grew 6% with 3.6% same-store sales growth in Poland, and Biedronka’s EBITDA margin increased to 7.8%, highlighting resilient top-line performance amid consumer deflationary trends (Reutersturn8view0)
Colombian banner Ara recorded Q1 2026 sales of €959 million, up 23.6% year-on-year, demonstrating robust expansion in a high-growth market and diversification of revenue streams (Reutersturn8view0)
Q2 2026 net profit of €141 million fell short of analysts’ expectation of €146 million, underscoring margin pressures from cautious consumer spending and cost headwinds (Reutersturn15view0)
In the first half of 2026, Biedronka’s sales growth slowed to just 1.7% with like-for-like growth of only 0.2%, reflecting significant basket deflation and muted consumer demand in its core market (Reutersturn15view0)
Management warned that it does not anticipate any significant improvement in the operating environment across its markets in H2 2026, citing ongoing fuel cost pressures and geopolitical uncertainty as persistent headwinds (Reutersturn15view0)
Data summarised monthly by Lightyear AI. Last updated on 26 Aug 2026.

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