Maisons du Monde (MDM) Q3 2026 TU earnings summary

Executive summary

• Q3 2026 like-for-like net sales fell 21.0%; YTD like-for-like sales declined 10.9%.

• Temporary late deliveries constrained product availability, while lower promotional intensity also weighed on sales.

Financial highlights

• Q3 net sales were €176.3m, down 21.5% reported; YTD net sales were €589.1m, down 12.0%.

• Q3 GMV was €211.8m, down 17.7%; YTD GMV was €695.1m, down 9.8%.

• Gross cost savings target of €30m for FY26 confirmed, supporting a structurally lower break-even point.

Outlook and guidance

• Supplier cooperation is intended to support a progressive return to normal deliveries through Q4; product availability is expected to normalize by year-end.

• Marketing initiatives are being stepped up in-store and online to restore traffic; targeted initiatives will support Q4 trading momentum.

• FY26 gross savings target remains €30m, with continued focus on margin discipline and cash preservation.