Magnum (MICC) Posts Solid Earnings, Outlook, Soars 14%

The Magnum Ice Cream Company NV (NYSE:MICC) is one of the 10 Stocks Delivering Eye-Popping Gains.

Shares of The Magnum Ice Cream Company NV (NYSE:MICC) climbed by 14.32 percent on Thursday to close at $14.93 apiece, as investors cheered solid sales growth in the first quarter of the year and its reaffirmed outlook for the full-year period.

The Magnum Ice Cream Company NV (NYSE:MICC)—which was spun out of Unilever last year—reported organic sales growth of 4.5 percent in the first three months of 2026, much stronger than the 3.8 percent in the same period last year, thanks to a healthy volume growth across three regions.

A Magnum ice cream. Photo from Unilever Arabia

Revenues stood at €1.77 billion, dipping by 1.2 percent from the €1.792 billion in the same comparable period, primarily dragged by a 5.5 percent negative impact on foreign exchange.

“We have had an encouraging start to 2026, and the ice cream category continues to grow. In Q1, organic sales grew across both volume and price, which is a testament to the breadth of our portfolio and our competitive execution,” The Magnum Ice Cream Company NV (NYSE:MICC) CEO Peter Ter Kulve said.

The company also reaffirmed its sales growth outlook for full-year 2026 at 3 to 5 percent, albeit remaining cautious over the uncertainties in the Middle East.

It said that mitigation measures are being implemented, albeit direct regional exposure remains limited.

Adjusted EBITDA margin is expected to grow by 40 to 60 basis points year-on-year, primarily due to the impact of the acquisition of the India business.

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