Portuguese supermarket company Jeronimo Martins has reported a 78% increase in first-half profit, despite a fall in sales.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The company posted net profit of €30.3m (US$36.4m) for the first six months of the year, compared to €17.1m in the year-ago period. Analysts had been expecting, on average, profit of €29.3m, reported Reuters.


Jeronimo Martins said its sales slid to €1.62bn from €1.64bn a year earlier, reflecting the assets sales that formed part of its restructuring. Like-for-like sales rose 1.3%.


The retailer said it expected strong competition and a weak economy to continue throughout the second half.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now