Migdal sells Shufersal stake below 5 percent as Shufersal stock faces weak results

Published on 10/16/2026 at 11:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached ILS 3.412 billion while net profit was ILS 125 million. Shufersal stock faced a stake sale on September 25, 2026.

Financial pressure and reporting date

Migdal's holding fell from 6.20 percent to below 5.00 percent on September 25, 2026.
Second-quarter revenue was ILS 3.412 billion and net income was ILS 125.0 million.
Shufersal stock was last quoted at ILA 3,612.00 on October 16, 2026.
The next earnings date is November 30, 2026.

Shufersal, IL0007770378, Illustration mit AI erstellt.

Shufersal (ISIN IL0007770378) reported first-half net profit of ILS 299 million, down 13.80 percent, as revenue fell 2.00 percent to ILS 7.1 billion. WireIsrael reported on September 25, 2026, that Migdal Insurance had reduced its holding below 5.00 percent after selling Shufersal shares worth ILS 125.0 million.

Migdal sale follows weaker results

Migdal had previously held 6.20 percent of Shufersal. The sale came after the company's first-half report, which also showed same-store sales down 2.70 percent and operating profitability at 6.30 percent, according to WireIsrael.

Quarterly figures sharpen the picture

Shufersal's second-quarter revenue was ILS 3.412 billion, compared with ILS 3.688 billion in the first quarter, while net income was ILS 125.0 million versus ILS 174.0 million. The figures and the August 27, 2026 results announcement are listed by Investing.com.

What does the profit decline mean?

The comparison points to pressure on both sales and earnings rather than a single weak line item. For investors, the key distinction is that first-half revenue declined 2.00 percent while net profit declined 13.80 percent, leaving profitability more exposed to operating costs and weaker store sales.

Next reporting date

Forecaster lists November 30, 2026, as Shufersal's next earnings date. That calendar point gives the market a defined checkpoint for whether revenue and profit pressure continued beyond the first half.

Stock quote in Israeli shekels

The latest market quote available for the Tel Aviv listing was ILA 3,612.00 on October 16, 2026 at 11:59 a.m. IDT. The quote is separate from the financial results and does not establish a euro price or a change against a Xetra close.