Migdal sold stake as Shufersal stock faced weak results

Published on 10/12/2026 at 09:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half net profit fell 13.80 percent to ILS 299 million. For Shufersal stock, second-quarter revenue was ILS 3.44 billion.

Key points in brief

Migdal Insurance sold ILS 125.00 million of Shufersal shares and fell below a 5.00 percent holding.
First-half net profit fell 13.80 percent to ILS 299.00 million, while revenue declined 2.00 percent to ILS 7.10 billion.
Second-quarter 2026 revenue was ILS 3.44 billion and net income was ILS 125.89 million.
Shufersal is scheduled to report its next results on November 30, 2026.

Shufersal, IL0007770378, Illustration mit AI erstellt.

Migdal Insurance sold ILS 125.00 million of Shufersal shares on September 25, 2026, taking its holding below 5.00 percent as weak first-half results weighed on the Israeli supermarket chain, according to WireIsrael.

First-half figures weakened

Shufersal reported first-half revenue of ILS 7.10 billion, down 2.00 percent, while net profit fell 13.80 percent to ILS 299.00 million, WireIsrael reported on September 25, 2026.

The latest quarterly figures show the same pressure in a shorter period. In the second quarter of 2026, revenue was ILS 3.44 billion and net income was ILS 125.89 million, according to Investing.com.

Why the stake sale matters

Migdal had previously held 6.20 percent of Shufersal, and its disposal followed a 2.70 percent decline in identical-store sales during the first half, according to WireIsrael.

Operating profitability fell to 6.30 percent in the same period. The figure gives investors a clearer operating signal than revenue alone because it captures pressure on costs and retail pricing.

What comes next for results?

Shufersal is scheduled to publish its next earnings on November 30, 2026, according to Forecaster. That date gives the market a defined checkpoint for testing whether the 6.30 percent operating profitability level stabilizes.

Shufersal operates a supermarket, online grocery and non-food retail business in Israel. MarketWatch identifies retail, real estate and pharmaceutical operations as the company business segments.

Retail margins remain central

The central operating question is whether Shufersal can restore profitability while protecting sales volumes. The first-half 2.00 percent revenue decline, 13.80 percent net-profit decline and 6.30 percent operating profitability provide three measurable benchmarks for the November 30, 2026 results.