Migros Ticaret in good shape through 9M 2026
Turkish supermarket chain Migros grew net sales 37% in 9M 2026, though same-store footfall turned negative at down 0.6%, with growth coming from basket size and pricing rather than customer numbers. LFL sales growth slowed to 33% from 41.5%, and to 31.6% in Q3 from 39.0%. 9M net profit fell 14.9%, leaving a margin of 0.9%, while Q3 net profit rose 39.1% to TRY4.62 billion after a weak first half. Market share slipped 10bps to 9.8% of FMCG. (Perakende Mühendisi)
