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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.
BIC
BIC (BB) investor relations material
BIC Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary28 Oct, 2026
Executive summary
Q3 organic sales declined 0.6%; 9M organic growth was 1.0%, amid contrasting category trends.
2026 outlook was reaffirmed, with focus on disciplined execution of the BIC to the Future plan.
Financial highlights
Q3 net sales were €516m versus €519m a year earlier; reported growth was -0.5% and organic growth -0.6%.
9M net sales were €1,556m versus €1,595m; reported growth was -2.5% and organic growth +1.0%.
Q3 FX and perimeter impacts were +2.0% and -1.9%; 9M impacts were -0.9% and -2.6%, respectively.
Outlook and guidance
2026 guidance reaffirmed: modest organic growth, adjusted EBIT margin slightly above 14.0%, and stable year-on-year Free Cash Flow.
Q4 North America expected to improve on shaver distribution gains and initial refillable shaver shipments; Latin American organic growth expected to remain soft.
Tangle Teezer growth expected to moderate from Q3’s 29% while remaining in strong double digits in Q4, supported by Complete Carebrush.
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Latest events from BIC
- FY23 growth and cash generation underpin 2024 sales growth guidance of 5%–7%.BB
Q4 2023 - Solid H1 2026 growth and margin expansion support long-term strategic and sustainability goals.BBInvestor presentation
- Transformation targets 3% sales CAGR, >15.5% EBIT margin, and €250m+ FCF by 2030.BBStrategic update
- H1 2026 saw 1.7% organic growth, higher margins, strong cash flow, and an upgraded outlook.BBQ2 2026
- All resolutions passed as the company pivots to new strategy, governance, and sustainability priorities.BBAGM 2026
- Resilient 2025 performance, strong cash flow, and renewed growth in Q1 2026.BBInvestor presentation
- Net sales fell 0.9% to €2,090m, but Free Cash Flow and Tangle Teezer growth remained strong.BBQ4 2025
- Q2 growth and strong Tangle Teezer results offset H1 sales and margin pressures.BBQ2 2025
- Stable EBIT margin and improved cash flow in H1 2024, led by growth outside North America.BBQ2 2024
Next BIC earnings date
Q4 202624 Feb, 2027
BIC
Next BIC earnings date
Q4 202624 Feb, 2027
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Frequently asked questions
Société BIC SA is a global manufacturer known for producing consumer goods in three main categories: stationery, lighters, and shavers. The company’s product portfolio includes pens, pencils, markers, and other writing instruments, alongside disposable lighters and razors. BIC's products are widely recognized for their simplicity, reliability, and affordability. The company is headquartered in Clichy, France, and its shares are listed on Euronext Paris.