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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.
Michael Page
Michael Page (PAGE) investor relations material
Michael Page Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 TU earnings summary13 Oct, 2026
Executive summary
Q3 gross profit was £190.5m, up 1.5% in constant currencies and 1.4% reported; first quarterly growth since Q4 2022, with ~50% of the business growing.
Growth in the Americas, Asia Pacific and Southern Europe offset declines in EMEA overall and the UK; regional recovery remained uneven.
Financial highlights
Q3 gross profit was £190.5m, up 1.5% in constant currencies and 1.4% reported YoY, from £187.8m.
Permanent gross profit was £134.2m, up 1.1% in constant currencies; temporary gross profit was £56.3m, up 2.6%.
Growth markets represented ~50% of Q3 gross profit; Page Executive grew 15%.
Net cash was ~£6m at 30 September, versus net debt of ~£7m at Q2-end and net cash of ~£38m at Q3 2025-end.
Outlook and guidance
FY 2026 operating profit expected to be in line with consensus of ~£29m; full-year expectations maintained.
A further ~£2.5m of one-off senior-exit costs is expected in H2, following ~£2.5m incurred in H1.
Improvement and normalisation continued in several markets, but significant uncertainty remains; improved offer conversion could extend to more markets over the next 3–6 months.
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Latest events from Michael Page
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H1 2026 - Q2 gross profit stable, with productivity and growth in Americas and Asia-Pacific offsetting EMEA and UK declines.PAGEQ2 2026 TU
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- Q3 gross profit declined 13.5% year-over-year as market softness persisted globally.PAGEQ3 2024 TU
- Profit and revenue fell, but cash flow and dividend growth signal resilience.PAGEH1 2024
- Q2 gross profit down 12% year-over-year; full-year profit guidance cut to £60m.PAGEQ2 2024 TU
Next Michael Page earnings date
Q4 2026 TU13 Jan, 2027
Michael Page
Next Michael Page earnings date
Q4 2026 TU13 Jan, 2027
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Frequently asked questions
The Company, together with its subsidiaries, provides recruitment consulting and other related services in the United Kingdom, rest of Europe, the Middle East, Africa, Asia Pacific and Americas. The Company operates through three segments: PageGroup; Page Personnel; and Medical Placements. PageGroup plc was founded in 1976 and is headquartered in Addlestone, the United Kingdom.