Magnum Ice Cream Company reports US$2.9B revenue in Q3 2026

NETHERLANDS – The Magnum Ice Cream Company has reported revenue of US$2.9 billion (€2.5 billion) with Organic Sales Growth (OSG) +9.6% in Q3 2026.

Volume was +7.3% higher, and price was up +2.2%. All three regions contributed to growth, with Europe & ANZ +8.9%, Americas +3.9%, and AMEA +17.6%.

In the brands, Magnum delivered strong double-digit growth, driven by Türkiye, France, the UK, and Mexico, underpinned by continued momentum from innovations extending the brand across flavours, formats, and occasions.

Ben & Jerry’s grew more than 9%, bringing new consumers on board, with exciting new flavours and by unlocking more occasions through additional formats in the USA and Europe.

Cornetto delivered high-single-digit growth, supported by new product introductions, including Cornetto Max Pistachio in Europe and fruit sorbet variants in Asia.

Heartbrand grew double-digit, driven by continued momentum from licensing partnerships, including Hello Kitty and Bluey in the USA, and reinvigorating Solero in Europe.

Yasso delivered more than 30% growth, with further expansion of handheld formats and pints in the USA, serving the increasing market focus on wellness.

The company added that across markets, it continued to tailor recipes and review pack-price architecture according to local consumer preferences, including shifting its portfolio in India to new, improved, dairy recipes.

Partnerships continued to support growth, with Hello Kitty and Bluey for Popsicle in the USA, and Minecraft in Europe.

Concurrently, through its premium brands, it unlocked more consumption occasions by introducing new formats, including the Magnum cone and sandwich in Türkiye.

Ben & Jerry’s delivered many successful ice cream innovations with sticks ranked as three of the top ten in the USA, and sandwiches within the top five in Europe.

Outlook

“Our focus continues to be executing our growth strategy and productivity programme. We have upgraded our outlook for organic sales growth to approximately 5.5%, compared to our prior outlook of 3% to 5%.”

Adjusted EBITDA margin improvement is still expected to be 40 to 60bps (on a comparable perimeter basis with 2025).

Productivity savings and operating leverage are anticipated to offset higher costs, primarily driven by oil and energy prices.

Reported improvement in Adjusted EBITDA margin is expected to be 0 to 20bps, mainly due to the impact of the acquisition of the India business.

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