Magnum Ice Cream (NYSE:MICC) Announces Quarterly Earnings Results

Magnum Ice Cream (NYSE:MICC) released its earnings results on Thursday. The company reported $0.41 EPS for the quarter, FiscalAI reports. The company had revenue of $2.68 billion for the quarter.

Here are the key takeaways from Magnum Ice Cream’s conference call:

• Organic sales grew 4.7% in H1 2026, with balanced volume growth of 2.5% and pricing growth of 2.2%, market-share gains across all regions, and momentum from Magnum, Ben & Jerry’s, Cornetto, and Heartbrand innovations.
• The productivity program delivered €90 million in savings during the half, helping lift adjusted EBIT margin by 50 basis points to 15.3% and adjusted EBIT to €716 million; management remains on track for €500 million of medium-term savings.
• The company reaffirmed full-year guidance for 3%–5% organic sales growth and a 40–60 basis-point comparable adjusted EBITDA margin improvement, while reported margin improvement is expected at only 0–20 basis points due largely to the India acquisition and separation-related costs.
• AMEA adjusted EBIT margin declined 190 basis points, pressured by commodity inflation, Turkish Competition Authority measures requiring some freezer capacity to be shared or left empty, and the lower-margin India acquisition; Brazil also remained slightly down as its turnaround progresses.
• Free cash flow increased to €273 million from €138 million, while net debt stood at 2.5 times adjusted EBITDA; management also highlighted growth opportunities in U.S. value and club channels, India’s cabinet expansion, digital commerce, and China’s developing snacking channel.

Magnum Ice Cream Stock Down 1.1%

Shares of NYSE MICC traded down $0.20 during mid-day trading on Friday, hitting $18.54. The company’s stock had a trading volume of 151,167 shares, compared to its average volume of 1,440,212. Magnum Ice Cream has a one year low of $12.94 and a one year high of $19.93. The company has a fifty day simple moving average of $17.59. The company has a current ratio of 1.02, a quick ratio of 0.74 and a debt-to-equity ratio of 5.23.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MICC. Jefferies Financial Group reissued a “hold” rating on shares of Magnum Ice Cream in a research report on Thursday, June 25th. Zacks Research upgraded Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings upgraded shares of Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 16th. Morgan Stanley restated an “overweight” rating on shares of Magnum Ice Cream in a research note on Monday, June 29th. Finally, BNP Paribas Exane lowered Magnum Ice Cream to a “neutral” rating in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Trading of Magnum Ice Cream

A number of institutional investors have recently bought and sold shares of the business. BNP Paribas bought a new position in shares of Magnum Ice Cream in the 4th quarter worth $27,000. Cullen Frost Bankers Inc. bought a new stake in Magnum Ice Cream in the fourth quarter valued at about $28,000. Bartlett & CO. Wealth Management LLC bought a new position in Magnum Ice Cream during the fourth quarter worth about $30,000. Leonteq Securities AG acquired a new position in shares of Magnum Ice Cream during the 4th quarter worth about $30,000. Finally, V Square Quantitative Management LLC bought a new stake in shares of Magnum Ice Cream in the 4th quarter valued at about $33,000.

Magnum Ice Cream Company Profile

The Magnum Ice Cream Company N.V. engages in ice cream business. The Magnum Ice Cream Company N.V. is based in Amsterdam, Noord-Holland, Netherlands.