JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Investing.com -- Douglas AG shares rose more than 9% on Thursday after the retailer reported third-quarter revenue of €1 billion, a 3.2% increase from a year earlier that surpassed consensus estimates of €972 million. The company reaffirmed its full-year 2025 guidance.
The quarterly sales marked a return to growth following a 2% decline in the second quarter.
Like-for-like sales were up 2.5%, and excluding the divested online pharmacy Disapo, overall sales grew 4%. Store sales rose 2.1% while like-for-like store sales declined 0.7%.
E-commerce revenue increased 8.2% excluding Disapo. Germany, the company’s largest market, posted year-over-year growth, while demand in France remained restrained.
Adjusted EBITDA came in at €158.2 million, down 2.9% from last year but 10% above the Vara consensus of €143.8 million. The adjusted EBITDA margin was 15.7%, compared with 16.7% a year earlier.
The German company attributed part of the sales increase to the timing of Easter, which shifted into April this year, offsetting the impact on the prior quarter.
Douglas also expanded its footprint, opening 22 new stores and refurbishing 39 between April and June, with one store closed.
In the first nine months of the fiscal year, net new openings totaled 40. The retailer plans to open about 200 new stores and refurbish 400 by the end of 2026.
Douglas maintained its forecast for about €4.5 billion in sales for the fiscal year, with an adjusted EBITDA margin near 17% and net income around €175 million. A revised mid-term outlook will be issued in December during its full-year reporting.