The Magnum Ice Cream Company: Visible Path To Keep Growing Volume And Adjusted EPS

The Magnum Ice Cream Company remains a buy as H1 organic sales grew 4.7% and volume rose 2.5%, with share gains in all regions. MICC's growth is driven by superior distribution, strategic retailer collaboration, and expanding away-from-home cabinet presence, supporting both volume and margin expansion. Productivity gains and the phased exit from Unilever's TSA are expected to drive margin improvement, with a target of EUR500 million in medium-term savings.

Seeking Alpha • Aug 4, 2026

The Magnum Ice Cream Company: I Need A Better Entry Point

The Magnum Ice Cream Company N.V. is the world's largest pure-play ice cream firm, recently spun off from Unilever and showing strong early independence. MICC delivered 4.7% organic sales growth, balanced volume and pricing, and margin expansion, but faces execution risks, commodity headwinds, and FX pressures. Heavy investment in India and infrastructure is weighing on near-term free cash flow and capex, with long-term growth potential but short-term profitability challenges.

Seeking Alpha • Aug 3, 2026

The Magnum Ice Cream Company N.V. (MICC) Q2 2026 Earnings Call Transcript

The Magnum Ice Cream Company N.V. (MICC) Q2 2026 Earnings Call Transcript

Seeking Alpha • Aug 1, 2026

Magnum Ice Cream reports first-half earnings above expectations

Magnum Ice Cream , the ‌maker of Ben & Jerry's, reported first-half ​core earnings above ​market expectations on Thursday, ⁠citing cost reductions ​from its supply ​chain and corporate transformation after spinning off from Unilever in ​December 2025.

Reuters • Jul 30, 2026

Magnum Ice Cream H1 Earnings Call Highlights

Magnum Ice Cream NYSE: MICC reported first-half 2026 organic sales growth of 4.7%, supported by balanced gains in volume and pricing, innovation across its major brands and productivity savings.

MarketBeat • Jul 30, 2026

2026 Half Year Results

TMICC H1 2026 results Solid performance, driven by innovation and operational rigourH1 organic sales growth +4.7%; Full-year outlook reaffirmed Amsterdam, 30 July 2026 H1 2026 revenue €4.7 billion (H1 2025: €4.5 billion), +4.7% organic sales growth (OSG) balanced between volume +2.5% and price +2.2%, and across all regions Q2 2026 revenue €2.9 billion (Q2 2025: €2.7 billion), +4.9% OSG Operating Profit €587 million (H1 2025: €569 million), reflects improved Adjusted EBIT partially offset by an increase in adjusting items H1 2026 Adjusted EBIT €716 million (H1 2025: €666 million), H1 2026 Adjusted EBIT margin 15.3% (H1 2025: 14.8%), +50bps versus H1 2025 H1 2026 Adjusted EBITDA €880 million (H1 2025: €853 million), H1 2026 Adjusted EBITDA margin 18.7% (H1 2025: 19.0%), impacted -70bps by Transitional Service Agreements (TSAs), with previously allocated depreciation charged as cash costs, and -30bps due to the acquisition in India Productivity programme remains on track, with €90 million of savings delivered in H1 2026 Successfully integrated India and Portugal acquisitions Financial Highlights In €, percentage (unaudited) H1 2026 H1 2025 Q2 2026 Q2 2025 Revenue (in € billions) 4.691 4.503 2.921 2.711 Reported revenue growth 4.2% 2.5% 7.8% 1.4% Organic Sales Growth (a)    4.7% 5.8% 4.9% 7.0% Organic Volume Growth 2.5% 3.5% 2.3% 4.9% Organic Price Growth(a) 2.2% 2.1% 2.5% 2.0%           Operating profit (in € millions) 587 569     Adjusted EBIT (in € millions) 716 666     Adjusted EBITDA (in € millions) 880 853               Operating profit margin (% revenue) 12.5% 12.6%     Adjusted EBIT margin (% revenue) 15.3% 14.8%     Adjusted EBITDA margin (% revenue) 18.7% 19.0%               Free Cash Flow (FCF, in € millions) 273 138     Diluted Earnings Per Share (€) 0.55       Adjusted Earnings Per Share (€) 0.72       (a) India and Portugal were not in the perimeter and paid royalty for the use of TMICC brands prior to acquisitions completed on 30 March 2026 and 1 April 2026 respectively. The underlying growth of The Magnum Ice Cream Company N.V.

GlobeNewsWire • Jul 30, 2026

Aristotle International Equity ADR WM Q2 2026 Portfolio Review

Pan Pacific International Holdings continues to benefit from differentiated store formats, decentralized merchandising, strong value positioning, as well as management's experience improving acquired retail assets. UNIQLO's differentiated model, focused on functional, high-quality everyday apparel at attractive prices, continues to benefit from scale, disciplined SKU management, long-standing supplier partnerships, and strong brand equity. During the quarter, we sold our position in Unilever and invested in Magnum Ice Cream.

Seeking Alpha • Jul 27, 2026

Longleaf Partners Global Fund Q2 2026 Portfolio Review

Global food delivery platform Delivery Hero was a contributor for the quarter. French pay-TV operator Canal+ contributed positively in the quarter. Leading international student placement agency and high stakes English testing service provider IDP Education was a detractor for the quarter. We exited our positions in Delivery Hero, as discussed above, and Menicon, which was a smaller position that had approached fair value.

Seeking Alpha • Jul 15, 2026

Fundsmith Equity Fund: H1 2026 Sales

Fundsmith Equity Fund was down by 2.9% in the first 6 months of the year, 14.1 percentage points less than what is perhaps the most obvious comparator, the MSCI World Index (£ net). Atlas Copco's organic growth has been anaemic over the last two years, which in our view does not justify a

Seeking Alpha • Jul 9, 2026

The Magnum Ice Cream Company: Still Cheap Amid Rumored Private Equity Interest

The Magnum Ice Cream Company remains a 'Buy,' with its reasonable valuation now augmented by better-than-expected growth and rumored interest from private equity firms. Sales growth breezed past consensus last quarter. MICC's structural growth prospects may have been underestimated, as prior underinvestment by Unilever likely masked its true potential. While the war in Iran has introduced risks, tailwinds from cocoa, dairy, and palm oil prices can offset these to some extent.

Seeking Alpha • May 22, 2026