Groupe LDLC société anonyme (ALLDL) Q3 25/26 TU earnings summary

Executive summary

• Q3 2025/2026 revenues rose 7.6% year-over-year to €164.5m, with nine-month revenues up 8.8% to €431.3m.

• BtoC revenues grew 8.7% in Q3 and 12.4% over nine months, while BtoB showed a confirmed recovery with 3.7% growth in Q3.

• L'Armoire de Bébé posted a strong rebound, up 29% in Q3 and 8.7% over nine months.

• Rue du Commerce business volumes surged 23.4% in Q3.

Financial highlights

• Nine-month group business volumes reached €461.4m, up 9.7% year-over-year.

• Online business grew 8.4% in Q3 and 15.1% over nine months, supported by tech innovation and IT upgrades.

• Store revenues increased 9.5% in Q3 and 8.0% over nine months.

Outlook and guidance

• Record operating profitability expected for the year, excluding the Covid period.

• Margins in H2 2025/2026 anticipated to remain elevated; possible upward revision of normalized gross margin next year if trends persist.

• Q4 may see slower momentum due to price inflation and delayed Nvidia product launches.