Hot Summer Helps Magnum Scoop Surge in Sales
The ice cream maker lifted its 2026 growth target to about 5.5% after quarterly sales rose 9.6% and volumes beat estimates.
- On Oct 29, 2026, The Magnum Ice Cream Company raised its annual sales growth outlook to around 5.5%, up from previous guidance of about 3%-5%, after third-quarter results beat consensus estimates.
- An "extended summer" across European markets and strong demand for Magnum, Cornetto, and Solero brands drove 9.6% organic sales growth during the quarter, with the extended season contributing around 2%-3% to growth.
- Quarterly revenue reached 2.51 billion euros, while organic volume growth hit 7.3%, significantly outperforming the 2.8% estimate as improved execution enabled the group to capitalize on strong consumer demand.
- Shares in The Amsterdam-listed group rose 4.6% shortly after the announcement, hitting their highest price since listing; CEO Peter ter Kulve acknowledged managing inflationary pressures from oil and energy costs.
- The company confirmed its 2026 margin guidance, expecting productivity savings and operating leverage to offset higher costs driven by oil and energy prices while maintaining strategic growth momentum.
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Long summer helps Amsterdam-based Magnum Ice Cream Company boost sales
The Magnum Ice Cream Company reported higher ice cream sales in the latest quarter compared with the same period last year, citing the long European summer as one of the factors behind the increase. The Amsterdam-based company, which owns brands including Magnum, Cornetto, and Ben & Jerry’s, has also upgraded its growth outlook for the rest of the year.
Hot summer helps Magnum scoop surge in sales
The group behind Magnum, Ben & Jerry’s and Cornetto now expects annual sales to grow by around 5.5%, compared with previous guidance for about 3-5%.
Magnum lifts 2026 growth outlook after quarterly beat
Long summer boosts sales at Magnum - RetailDetail EU
The long European summer was a boon for ice cream maker Magnum. The parent company of Magnum, Cornetto, and Ben & Jerry’s saw its quarterly revenue rise by more than 12% and is raising its annual forecast. Yet there are also dark clouds on the horizon: the founders of Ben & Jerry’s are trying to spin off their brand from the parent company.
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