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Magnum Ice Cream Defies Expectations with Strong Earnings Boost

  • On Thursday, Magnum Ice Cream reported half-year core earnings above market expectations, driven by strong trading at the start of the key summer season.
  • Strategic cost reductions following the December spin-off from Unilever drove earnings growth, helping Magnum exceed the analyst consensus of €843 million.
  • Adjusted earnings rose to €880 million from €853 million a year ago, while sales of Ben and Jerry's grew 9.2% in the second quarter, gaining market share in North America.
  • CEO Peter ter Kulve said, "Our key summer selling season got off to a strong start," noting Magnum grew in all regions, including the United States as its biggest market.
  • Analysts expressed skepticism regarding sustained growth guidance as headwinds emerge from GLP-1 weight-loss drugs and the Trump administration's "Make America Healthy Again" campaign in the United States.
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WTVB broke the news on Thursday, July 30, 2026.
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