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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.
MJ Gleeson
MJ Gleeson (GLE) investor relations material
MJ Gleeson Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading update summary6 Nov, 2026
Gleeson Homes
Open-market net reservations were 0.53 per site per week for the 8 weeks to 1 Nov 2026 (0.88 including bulk), vs 0.52 (0.93 including bulk) in the comparable period last year.
Sales rates improved from the weak summer but remained subdued; the Your First Home scheme is expected to defer demand before launch and increase cancellations.
The first half is expected to be weaker, with second-half recovery increasingly dependent on the scheme’s efficient and timely introduction.
Gleeson Land
Final technical approval for the delayed large land sale is progressing, with most issues resolved; option exercise and completion are expected over the next few months.
Sales are progressing and sites brought to market have attracted good interest, though caution remains; planning permission was secured on three sites.
Adverse planning committee decisions following local-election changes have sent more sites to appeal; medium-term prospects remain positive, despite limited visibility on land-sale timing.
Outlook
A cautious approach to working capital and site acquisitions is in place; profits are anticipated to be significantly weighted to H2 FY2027.
Delivery of FY2027 market consensus depends on further improvement in buyer confidence, alongside the timing and impact of Your First Home and land disposals.
The 6 months to 31 Dec 2026 trading update is due 15 Jan 2027; results are due 23 Feb 2027.
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Latest events from MJ Gleeson
- Revenue up, margins down; restructuring and partnerships drive resilience amid subdued market.GLE
Investor update - Revenue up 12.1%, profit before tax swung to a loss on exceptional costs; dividend cut to 5.0p.GLEH2 2026
- FY2026 profit in line with expectations; robust home sales and improved operations position for recovery.GLETrading update
- Resilient sales, stable pricing, and restructuring support profit outlook in line with consensus.GLETrading update
- Revenue up 9.6%, profit before tax down 44.4%, with margin and market pressures persisting.GLEH1 2026
- Revenue up 5.9%, profit down on margin pressure; restructuring and land pipeline support future growth.GLEH2 2025
- Profit and sales rates met expectations as management changes target improved delivery and growth.GLETrading Update
- Operating profit and sales exceeded expectations, with strong cash and growth outlook.GLETrading Update
- Higher sales and revenue, lower margins, but strong demand recovery supports H2 outlook.GLEH1 2025
Next MJ Gleeson earnings date
H1 202711 Feb, 2027
MJ Gleeson
Next MJ Gleeson earnings date
H1 202711 Feb, 2027
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Frequently asked questions
MJ Gleeson plc is a UK-based company specializing in low-cost house building and land promotion. Operating through two primary divisions, Gleeson Homes and Gleeson Land, the company focuses on house building in the north of England and Midlands, and the sale of land in the south of England. Gleeson Homes is dedicated to the construction of residential properties, aiming to address the demand for affordable housing. Meanwhile, Gleeson Land is involved in promoting land through the planning system, capitalizing on strategic land development opportunities. The company is headquartered in Sheffield, England, and its shares are listed on the London Stock Exchange.