Magnum Ice Cream (NYSE:MICC) Releases Earnings Results

Posted by Francis Steltz on Aug 1st, 2026

Magnum Ice Cream (NYSE:MICC – Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.41 EPS for the quarter, FiscalAI reports. The business 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 Trading Down 0.6%

Shares of Magnum Ice Cream stock traded down $0.11 during trading hours on Friday, reaching $18.63. 919,222 shares of the stock traded hands, compared to its average volume of 1,116,602. Magnum Ice Cream has a one year low of $12.94 and a one year high of $19.93. The company has a quick ratio of 0.74, a current ratio of 1.02 and a debt-to-equity ratio of 5.23. The business’s 50 day moving average is $17.64.

Analyst Upgrades and Downgrades

MICC has been the topic of several research analyst reports. Morgan Stanley restated an “overweight” rating on shares of Magnum Ice Cream in a research note on Monday, June 29th. Jefferies Financial Group reissued a “hold” rating on shares of Magnum Ice Cream in a report on Thursday, June 25th. Weiss Ratings upgraded shares of Magnum Ice Cream from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. BNP Paribas Exane cut shares of Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. Finally, Zacks Research raised shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Get Our Latest Report on Magnum Ice Cream

Hedge Funds Weigh In On Magnum Ice Cream

A number of institutional investors and hedge funds have recently made changes to their positions in MICC. Compagnie Lombard Odier SCmA bought a new stake in Magnum Ice Cream during the fourth quarter valued at approximately $3,008,000. Bank Pictet & Cie Europe AG purchased a new position in shares of Magnum Ice Cream during the 4th quarter worth $197,000. Banque Pictet & Cie SA bought a new stake in shares of Magnum Ice Cream during the 4th quarter valued at $729,000. Blue Trust Inc. bought a new stake in shares of Magnum Ice Cream during the 4th quarter valued at $135,000. Finally, First Pacific Financial purchased a new stake in shares of Magnum Ice Cream in the 4th quarter worth $42,000.