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

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

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

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(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.)