Axfood AB (0R6R) is scheduled to report 3rd quarter earnings on 10/24/2024, before the market opens.
Regarding Q3 estimates, Wall Street analysts expect Axfood AB to post earnings of SEK3.67 per share. Revenue expectations are pegged at SEK20.93 billion. Last quarter, Axfood AB missed earnings estimates, reporting EPS of SEK2.67 on estimates of SEK3.16. The stock fell by -7.36% the day after the last earnings release.
Year-to-date, 0R6R stock has risen by 4.50%.
About Axfood AB
Axfood AB operates food retail and wholesale businesses in Sweden. Its operating segments include Willys, Hemkop, Dagab, and Axfood Snabbgross. The Willys segment operates two discount grocery chains: Willys and Eurocash. Willys is Sweden’s primary discount market chain, while Eurocash serves mainly the Norwegian-Swedish border. This segment contributes the majority of the company’s revenue. Hemkop offers a wide range of fresh products for meal solutions. Dagab is engaged in the wholesale purchasing and logistics business. Narlivs operates within this segment as a wholesaler serving independent grocers and convenience retailers. Axfood Snabbgross is a restaurant wholesaler, catering primarily to cafes, fast-food establishments, and high-end restaurants.
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