Jumbo group reports Q1 2026 financial results with mixed regional performance

Jumbo reported a 7.3% overall increase in group sales for the first quarter of 2026, with March sales growing by approximately 10% compared to the previous year. In Cyprus, sales rose by 4% both for March and for the entire first quarter. Operations in Greece saw net sales grow by 18% in March and 11% for the quarter, while Bulgaria recorded a 12% increase in March and 11% for the quarter. Conversely, Romania experienced a sales decline of 5% in March and 4% over the first three months of the year. The company management attributes market instability to geopolitical tensions in the Middle East and rising oil prices. Additionally, Jumbo finalized the purchase of a leased store in the Military shopping center in Bucharest, marking its first such acquisition of 2026. The company expects sales growth rates to stabilize after the Easter period in April.