Magnum Ice Cream tops earnings forecast as cost cuts kick in
(Corrects brokerage from Berenberg to ING in paragraph 7.) July 30 (Reuters) - Magnum Ice Cream reported half-year core earnings above market expectations on Thursday, driven by cost cuts following its December spin-off from Unilever, and said trading remained strong at the start of the key summer season. Sales of Ben & Jerry’s grew 9.2% in the second quarter of 2026, outperforming the broader market in North America and gaining market share, Magnum said.
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(Corrects brokerage from Berenberg to ING in paragraph 7.) July 30 (Reuters) - Magnum Ice Cream reported half-year core earnings above market expectations on Thursday, driven by cost cuts following its December spin-off from Unilever, and said trading remained strong at the start of the key summer season. Sales of Ben & Jerry’s grew 9.2% in the second quarter of 2026, outperforming the broader market in North America and gaining market share, Magnum said. "Our key summer selling season got off to a strong start," CEO Peter ter Kulve said in a press release. "We grew and gained share in all regions, including the U.S., our biggest market." Magnum’s Amsterdam listing has been seen as a test of its ability to boost sales of Cornetto cones and Ben & Jerry’s at a time when GLP-1 weight-loss drugs reshape consumer tastes and as the Trump administration promotes a "Make America Healthy Again" campaign in the United States.
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- (Corrects brokerage from Berenberg to ING in paragraph 7.) July 30 (Reuters) - Magnum Ice Cream reported half-year core earnings above market expectations on Thursday, driven by cost cuts following its December spin-off from Unilever, and said trading remained strong at the start of the key summer season. Sales of Ben & Jerry’s grew 9.2% in the second quarter of 2026, outperforming the broader market in North America and gaining market share, Magnum said.
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Magnum Ice Cream tops earnings forecast as cost cuts kick in
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