France's Maisons du Monde Q3 sales fall on delivery delays

By Reuters News


Overview

  • France home and decoration retailer's Q3 sales declined 21% yr/yr due to delivery delays

  • Sales fell across both retail and online channels, with online sales down 30%

  • Company confirmed €30 mln gross cost savings target for FY26 to offset sales pressure


Outlook

  • Maisons du Monde confirms €30 mln gross cost savings target for FY26

  • Company expects product availability to normalize by end-2026

  • Marketing initiatives being stepped up to drive in-store and online traffic in coming months


Result Drivers

  • DELIVERY DELAYS - Co said temporary late deliveries led to product availability constraints, strongly impacting sales, especially in the second half of the qtr

  • LOWER PROMOTIONS - Scaled-back promotional intensity contributed to sales decline, especially in Furniture segment

  • CHALLENGING MARKET - Co cited a tough retail environment, with declining store traffic and a weaker French furniture market

  • ONLINE SALES DECLINE - Online sales fell 30.3% to €42.6 million


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

EUR 176.3 mln

Q3 GMV

EUR 211.8 mln


Analyst Coverage

  • Wall Street's median 12-month price target for Maisons du Monde SA is €1.80, about 833.6% above its October 22 closing price of €0.19


Reuters Recommended Reads

  • Oct 20 - Carrefour warns of up to €200 million hit from riots and looting

  • Oct 21 - France's Fnac Darty says around 12 stores hit in weekend unrest

  • Oct 22 - France's SMCP Q3 sales fall on weak demand


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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