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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
High Co
High Co (HCO) investor relations material
High Co Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 TU earnings summary21 Oct, 2026
Executive summary
Q3 2026 gross profit was €19.16m reported, up 22.5%, and €15.88m LFL, up 1.6%; France drove growth while international activity declined.
Refined FY 2026 guidance targets gross profit above €77m and adjusted operating margin slightly above 13%; adjusted margin is expected to exceed 15% from 2027.
Financial highlights
Q3 gross profit was €19.16m reported, up 22.5%, and €15.88m LFL, up 1.6%.
9M gross profit was €58.37m reported, up 25.3%, and €47.67m LFL, up 2.3%.
Reported results include Sogec and Budgetbox acquisitions; LFL figures exclude those acquisitions and use constant exchange rates.
Outlook and guidance
FY 2026 gross profit expected above €77m, including Sogec and Budgetbox, representing reported growth above 15% versus 2025 gross profit of €66.65m.
FY 2026 adjusted operating margin refined to slightly above 13%, versus 12.1% in 2025.
Adjusted operating margin expected to exceed 15% as of 2027, following the ongoing refocus and business transformation strategy.
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Latest events from High Co
- H1 2026 saw strong profit growth and digital gains, offset by Sogec restructuring costs.HCO
H1 2026 - Q2 2026 gross profit up 27% reported, with 2026 guidance confirmed and Sogec restructuring underway.HCOQ2 2026 TU
- Q1 2026 gross profit up 26.4% reported, with 2026 guidance confirmed above €78m.HCOQ1 2026 TU
- Q4 2025 gross profit surged 20.3% LFL, with 2026 profit expected to exceed €78m.HCOQ4 2025 TU
- Gross profit up 9.2% to €66.65m, adjusted EPS up 20.8%, 2026 guidance above €78m.HCOH2 2025
- Q3 2025 gross profit rose 8.4% LFL, with guidance raised for full-year growth and margin above 12%.HCOQ3 2025 TU
- Profitability fell in H1 2025, but net cash rose and 2025 guidance was raised.HCOH1 2025
- Q1 2025 gross profit dropped 6.4% LFL, with 2025 guidance and dividend plans confirmed.HCOQ1 2025
- Stable H1 2024 results, strong Activation growth, but H2 faces a 9% gross profit drop from Casino impact.HCOH1 2024
Next High Co earnings date
H2 202627 Jan, 2027
High Co
Next High Co earnings date
H2 202627 Jan, 2027
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