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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.
SRP Groupe
SRP Groupe (SRP) investor relations material
SRP Groupe 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
Q3 2026 revenue returned to growth at 0.7% YoY, the first increase in 14 quarters on a basis excluding The Bradery; GMV decline narrowed to 3.3% from 5.2% in H1.
International growth and Fashion strength supported the improvement, while Home and Beauty remained significant drags.
Financial highlights
9M GMV was €529.3m, down 4.7% YoY; net revenue was €320.8m, down 6.2%, excluding The Bradery from the comparison.
Q3 GMV was €162.9m, down 3.3% YoY; net revenue was €102.7m, up 0.7% on the adjusted comparison basis.
Q3 internet revenue rose 2.4% to €101.5m; international internet revenue increased 10.7% to €29.3m, while France declined 0.6% to €72.2m.
Outlook and guidance
Priorities for the remainder of FY26 include turning around Home & Tech and Beauty, strengthening sales teams, improving customer experience, controlling costs and optimizing the organization.
Growth plans focus on international operations, Marketplace and Social Retail Media; current improvement remains fragile, with sustainable and profitable growth an ambition rather than quantified guidance.
FY26 annual revenue publication is scheduled for 28 January 2027.
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Latest events from SRP Groupe
- Revenue dropped 20.9% to €218.1M, losses narrowed, but covenant risks remain.SRP
H1 2026 - Marketplace growth and international expansion drive sequential recovery amid challenging conditions.SRPQ2 2026 TU
- 2025 saw double-digit revenue and GMV declines, but Marketplace GMV grew 45% in Q1 2026.SRPQ1 2026 TU
- Double-digit revenue and GMV declines in 2025, but Marketplace GMV surged 45% in Q1 2026.SRPH2 2025
- 2024 net income plunged to -€133.3M on stable sales; 2025 revenue fell 13.6%.SRPTrading update
- Q3 decline slowed, Marketplace surged, and The Bradery sale marks a strategic shift.SRPQ3 2025 TU
- Revenue fell 13.4% and net loss deepened to €30.3M, but growth drivers outperformed.SRPH1 2025
- Marketplace and international growth offset overall sales decline amid ongoing transformation.SRPQ3 2024 TU
- Net sales fell 4% to €318.1m, net loss widened to €20.7m, growth drivers remained strong.SRPH1 2024
SRP Groupe
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