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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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Frequently asked questions
High Co. SA is a France-based company specializing in marketing and communication services. The company primarily offers solutions aimed at enhancing brand visibility and consumer engagement for mass-market retailers and consumer goods manufacturers. Their services include couponing, sampling, in-store promotions, and digital marketing solutions that integrate technology into traditional retail strategies. High Co. also provides data analysis, media services, and retail performance management across various markets, including France, Spain, the United Kingdom, and others. The company is headquartered in Aix-en-Provence, France, and its shares are listed on the Euronext Paris.