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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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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%.

·London, United Kingdom
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Dagens industri broke the news on Thursday, October 29, 2026.
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