CAESAREA, Israel, May 19, 2026 /PRNewswire/ -- Max Stock Limited (TASE: MAXO) (the "Company") today reported financial results for the first quarter ended March 31, 2026.
First Quarter 2026 Summary
Revenue increased 18.3% to ILS 401.0 million
Comparable store sales increased 16.9%
Gross margin increased 330 basis points to 45.6%
GAAP net income (100%) increased 56.7% to ILS 49.9 million
Adjusted EPS1 (attributable to shareholders) increased 55.7% to ILS 0.33
Adjusted EBITDA2 increased 57.4% to ILS 75.4 million
Ori Max, Founder and Chief Executive Officer, stated, "The work we have been doing to evolve and enhance our merchandise offerings, refine our business model, and improve the efficiency of our supply chain, has resulted in a very good start to 2026. Our operating performance up and down our P&L and across all KPI's shows a strong acceleration from the solid gains we delivered throughout 2025. Consumers are responding favorably to our recent product assortments in both larger established and smaller fast-growing categories. The newness that is being infused by our merchant teams is positively impacting sales and margins, providing us with additional tailwinds to drive sustained growth and greater shareholder value going forward."
First Quarter Results (2026 compared with 2025)
Revenue increased 18.3% to ILS 401.0 million in the first quarter 2026 as compared with revenue of ILS 339.1 million in the first quarter 2025. The increase over the same period last year was largely attributable to a 16.9% increase in comparable store sales and the opening of new branches. The increase in comparable stores sales was driven, among other factors, by the timing of the Passover holiday and an increase in the average price per item, reflecting a favorable product mix and growth in sales of items characterized by a higher average price. Comparable store sales increased 9.7% for the period January, April 2026 compared to January, April 2025 (no holiday timing impact).
Gross profit increased 27.7% to ILS 182.9 million in the first quarter 2026 from ILS 143.3 million in the first quarter 2025. Gross margin was 45.6% in ...
