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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.
SMCP
SMCP (SMCP) investor relations material
SMCP Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 TU earnings summary22 Oct, 2026
Executive summary
9M 2026 sales were €888.4m, down 0.8% reported and 0.2% organically; like-for-like growth was 0.7%.
America and EMEA growth offset pressure in France, while APAC was broadly stable; Q3 organic sales fell 2.0%.
Average discount rates improved by 2 points YoY, and the retail network ended Q3 at 1,586 points of sale.
Financial highlights
9M sales were €888.4m versus €895.5m in 9M 2025; reported change was -0.8% and organic change was -0.2%.
Q3 sales were €291.4m versus €294.4m in Q3 2025; reported change was -1.0% and organic change was -2.0%.
9M like-for-like sales added €6.9m; FX was a €4.5m headwind.
Outlook and guidance
2026 objectives were confirmed, assuming no further significant deterioration in French trading conditions.
The unfavorable French BHV-SGM perimeter effect is expected to ease in Q4; Saks closure effects continue until next January, with lower perimeter impact expected in 2027.
2026 results publication is scheduled for February 18, 2027.
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Latest events from SMCP
- Adjusted EBIT margin rose to 8.9% and net income increased 52%, with leverage at 1.1x.SMCP
H1 2026 - Q1 2026 sales held steady at €287M, with robust growth in America and EMEA but a sharp drop in France.SMCPQ1 2026 TU
- Record profitability, free cash flow, and margin gains in 2025, with 2026 guidance reaffirmed.SMCPH2 2025
- 9M sales up 2.8% organically to €896m, led by EMEA and America, with APAC declining.SMCPQ3 2025 TU
- Sales fell 2.7% organically as China lagged, but Europe and America remained resilient.SMCPQ3 2024 TU
- Sales fell 4% to €585m, margin rose to 74.3%, and APAC weakness drove net loss.SMCPH1 2024
- Resilient 2024 performance, global expansion, and strong RSE progress marked the AGM.SMCPAGM 2025
- Q1 2025 sales up 3.4% to €297m, led by France and EMEA, with APAC declining.SMCPQ1 2025 TU
- Resilient sales and strong cash flow set up margin recovery and €50m FCF by 2026.SMCPH2 2024
Next SMCP earnings date
Q4 202618 Feb, 2027
SMCP
Next SMCP earnings date
Q4 202618 Feb, 2027
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Frequently asked questions
SMCP S.A. designs, manufactures, markets, and sells ready-to-wear and accessories for women under the Sandro, Maje, Claudie Pierlot, and De Fursac brand names in France and internationally. The company offers clothing for all occasions; and shoes, handbags, fashion jewelry, belts, scarves, sunglasses, and it offers up to 40 collections per year. It also operates e-shops; multibrand stores; and franchise or partnership stores.