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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.
Kumulus Vape
Kumulus Vape (ALVAP) investor relations material
Kumulus Vape Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 TU earnings summary9 Nov, 2026
Executive summary
Q3 2026 consolidated revenue was €13.18m, down 10.9% YoY, as weak household consumption and intense price competition weighed on demand.
The retail network grew 28.8% YoY, partly offsetting declines in BtoB and online BtoC.
Financial highlights
9M 2026 revenue totaled €38.8m, compared with €42.6m in 9M 2025.
Q3 consolidated revenue was €13.18m versus €14.8m a year earlier, a 10.9% decline.
H1 profitability improved, supported by operational initiatives; no amount was cited.
Outlook and guidance
Q4 priorities include scaling Labster for own-brand products, further logistics optimization and continued Cigaverte network expansion.
Operational investments are intended to strengthen capabilities and position the business to benefit when market conditions improve.
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Latest events from Kumulus Vape
- Profitability rose sharply despite lower sales, driven by margin gains and B2C growth.ALVAP
H1 2026 - H1 2025 revenue fell 7.6% to €27.8M; annual target cut to €58–60M amid franchise shift.ALVAPQ2 2025 TU
- H1 2024 revenue hit €30.1M with margin gains; annual target revised to €64M amid market headwinds.ALVAPQ2 2024 TU
- H1 2026 revenue fell 7.8% year-over-year, but digital and retail growth offset B2B decline.ALVAPQ2 2026 TU
- Profitability held at €1.0M net income amid revenue decline and sector headwinds.ALVAPH2 2025
- Stable Q3 revenue at €14.8M; B2B growth and regulatory risks shape outlook.ALVAPQ3 2025 TU
- Revenue and net income fell, with stable gross margin but negative operating cash flow.ALVAPH1 2025
- Q1 2025 revenue declined 9% to €13.9M as franchise strategy and BtoB focus intensified.ALVAPQ1 2025 TU
- Q3 revenue at €14.8M, 70% of annual target met; strong Q4 expected with €64M goal reaffirmed.ALVAPQ3 2024 TU
Next Kumulus Vape earnings date
H2 20269 Apr, 2027
Kumulus Vape
Next Kumulus Vape earnings date
H2 20269 Apr, 2027
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Frequently asked questions
Kumulus Vape S.A. is a retail and wholesale company specializing in electronic cigarettes, e-liquids, and vaping accessories. Serving both individual consumers and businesses, the company offers a broad selection of vaping products through its e-commerce platform and wholesale distribution network. Kumulus Vape collaborates with various brands to supply a range of devices, flavors, and accessories to meet diverse customer preferences within the vaping market. The company also focuses on maintaining regulatory compliance and quality standards in the distribution of its products. Kumulus Vape is headquartered in Saint-André-de-Corcy, France, and its shares are listed on Euronext Paris.