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Investing.com -- Swedish food retail group Axfood AB (STO:AXFO) on Friday reported second-quarter adjusted earnings per share of SEK 2.85, with an EBIT margin of 4.1%.
The company posted a net income of SEK 622 million for the quarter, while revenue reached SEK 22,995 million, slightly below the IBES estimate of SEK 23,011 million.
Axfood’s EBIT came in at SEK 934 million, marginally above the IBES estimate of SEK 931.5 million.
The retailer noted positive momentum in its Willys, Hemköp, and Snabbgross chains, and stated it is working to improve performance at its City Gross stores.
Looking ahead, Axfood indicated it is working toward achieving profitability at some point in the second half of 2026.
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