Magnum Ice Cream (NYSE:MICC) Announces Quarterly Earnings Results

Posted by Scott Moore on Jul 30th, 2026

Magnum Ice Cream (NYSE:MICC – Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.41 earnings per share for the quarter, FiscalAI reports. The company had revenue of $2.68 billion for the quarter.

Here are the key takeaways from Magnum Ice Cream’s conference call:

Organic sales grew 4.7% in H1 2026, with balanced volume growth of 2.5% and pricing growth of 2.2%, market-share gains across all regions, and momentum from Magnum, Ben & Jerry’s, Cornetto, and Heartbrand innovations.
The productivity program delivered €90 million in savings during the half, helping lift adjusted EBIT margin by 50 basis points to 15.3% and adjusted EBIT to €716 million; management remains on track for €500 million of medium-term savings.
The company reaffirmed full-year guidance for 3%–5% organic sales growth and a 40–60 basis-point comparable adjusted EBITDA margin improvement, while reported margin improvement is expected at only 0–20 basis points due largely to the India acquisition and separation-related costs.
AMEA adjusted EBIT margin declined 190 basis points, pressured by commodity inflation, Turkish Competition Authority measures requiring some freezer capacity to be shared or left empty, and the lower-margin India acquisition; Brazil also remained slightly down as its turnaround progresses.
Free cash flow increased to €273 million from €138 million, while net debt stood at 2.5 times adjusted EBITDA; management also highlighted growth opportunities in U.S. value and club channels, India’s cabinet expansion, digital commerce, and China’s developing snacking channel.

Magnum Ice Cream Stock Up 2.7%

Magnum Ice Cream stock traded up $0.50 during mid-day trading on Thursday, reaching $18.74. 1,048,802 shares of the company traded hands, compared to its average volume of 1,448,347. The company has a current ratio of 1.02, a quick ratio of 0.74 and a debt-to-equity ratio of 5.23. Magnum Ice Cream has a 52-week low of $12.94 and a 52-week high of $19.93. The stock’s 50 day moving average price is $17.54.

Wall Street Analysts Forecast Growth

MICC has been the subject of a number of recent analyst reports. BNP Paribas Exane lowered shares of Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. Jefferies Financial Group reiterated a “hold” rating on shares of Magnum Ice Cream in a report on Thursday, June 25th. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings upgraded Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 16th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Magnum Ice Cream in a research report on Monday, June 29th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Read Our Latest Analysis on Magnum Ice Cream

Hedge Funds Weigh In On Magnum Ice Cream

Several hedge funds and other institutional investors have recently modified their holdings of MICC. BNP Paribas bought a new stake in shares of Magnum Ice Cream during the fourth quarter valued at approximately $27,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Magnum Ice Cream in the 4th quarter worth about $28,000. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Magnum Ice Cream in the 4th quarter worth about $30,000. Leonteq Securities AG bought a new position in shares of Magnum Ice Cream in the 4th quarter worth about $30,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Magnum Ice Cream in the 4th quarter worth about $33,000.