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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.
Mister Spex
Mister Spex (MRX) investor relations material
Mister Spex Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary12 Nov, 2026
Executive summary
9M 2026 revenue was €133.580m, down 8% YoY; Q3 revenue decline narrowed to 4% as offline growth partly offset online weakness.
9M adjusted EBITDA rose to €5.746m from €4.5m; Q3 adjusted EBITDA was €1.902m versus €2.1m.
Logistics and prescription-glasses production shifted to partners, while Salesforce integration expanded to marketing and customer service.
Financial highlights
Q3 revenue was €45.720m, down 4% YoY; gross profit was €24.7m versus €26.0m.
Q3 adjusted EBITDA was €1.902m versus €2.1m; reported EBITDA improved to €0.7m from -€0.7m as adjustments fell 59% to €1.2m.
Q3 EBIT loss narrowed to €3.4m from €4.6m and net loss to €3.9m from €5.0m.
9M gross profit was €74.721m, down 6%; gross margin rose to 55.9% from 54.9%. Q3 gross margin was 54.0%, down 74 bps.
Personnel expenses declined 5% and other operating expenses 15%, partly offsetting lower Q3 gross profit.
Outlook and guidance
FY2026 revenue guidance remains 0% to -10%; adjusted EBITDA margin guidance is break-even to mid-single digits.
Year-end cash guidance was reduced to €21m–€23m from €25m–€30m, reflecting lower operating cash generation, working-capital buildup and accelerated transformation costs.
Q4 is expected to bring a slight working-capital increase and non-recurring effects in the high-single-digit-million-euro range.
With flat revenue in 2027, significant profitability improvement is expected, conditional on timely implementation of transformation and productivity initiatives.
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Latest events from Mister Spex
- Adjusted EBITDA up 65% to €3.8m, gross margin 56.9%, offline revenue up 10%, revenue down 10%.MRX
Q2 2026 - Q1 2026 saw earnings and margin gains, led by offline growth and strategic shifts, despite revenue decline.MRXQ1 2026
- Margin expansion and profitability inflection achieved, with EBIT loss reduced by €59m.MRXQ4 2025
- Q3 2025 revenue fell 18%, but gross margin and EBIT improved sharply amid ongoing transformation.MRXQ3 2025
- Gross margin rose to 55.0% as cost discipline offset revenue declines and losses narrowed.MRXQ2 2025
- Gross margin rose to 48.8% as restructuring drove losses and international sales fell 17%.MRXQ3 2024
- Profitability challenges prompt transformation and rebranding amid modest revenue growth.MRXH1 2024
- Gross margin rose to 56.4% and EBIT loss narrowed, despite a 13% revenue drop.MRXQ1 2025
- Restructuring led to a 3% revenue drop and wider losses in 2024; EBIT to improve in 2025.MRXH2 2024
Next Mister Spex earnings date
Q4 202618 Mar, 2027
Mister Spex
Next Mister Spex earnings date
Q4 202618 Mar, 2027
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Frequently asked questions
Mister Spex SE is a European eyewear retailer specializing in the online sale of glasses, sunglasses, and contact lenses. The company offers a wide range of frames, lenses, and optical products from various brands, complemented by virtual try-on technology and home trial services. Mister Spex also operates physical stores in select locations, providing in-person consultations and fitting services. Its multichannel approach integrates online and offline solutions to enhance customer experience. The company is headquartered in Berlin, Germany, and its shares are listed on the XETRA.