Żabka beats Q3 profit consensus as results outpace FMCG market growth

Profit ahead of expectations

Żabka Group raised its net result in the third quarter of 2026 by 14.1% year on year, to PLN 528 million (Zyski Grupy Żabka w III kwartale przekroczyły konsensus. "Wyniki powyżej dynamiki rynku FMCG" – Puls Biznesu). Market consensus had pointed to PLN 521.1 million. The group's adjusted EBITDA grew 16.5% to PLN 1.489 billion, compared with PLN 1.279 billion a year earlier (Ponad 8,4 mld zł przychodów w trzy miesiące. Żabka rośnie szybciej, niż zakładał rynek – Bankier.pl). Analysts had expected PLN 1.44 billion to PLN 1.441 billion.

The company reported that its performance exceeded the growth rate of the fast-moving consumer goods market.

Quarterly comparison

| Metric | Q3 2026 (PLN) | Consensus (PLN) | |---|---|---| | Net result | 528 million | 521.1 million | | Adjusted EBITDA | 1.489 billion | 1.44 billion |

Tougher market, unchanged targets

The group described the operating environment in the third quarter as demanding and more difficult than in earlier periods (Ostrożniejsi konsumenci, lecz Żabka zwiększa udział w rynku – Bankier.pl). Consumers were more cautious with spending, yet the chain kept gaining share in the market.

For 2026, Żabka now expects like-for-like sales growth to land nearer the mid-single-digit level, a downgrade from its earlier outlook, although it still reaffirmed its medium-term goals.

Network expansion

The chain has continued to open more than four new stores a day and has increased the number of automated machines in its network (Ponad cztery nowe sklepy dziennie, więcej automatów. Żabka dalej rośnie – Wirtualnemedia.pl).