After stock drop of over 16%: Tiv Taam outperforms Rami Levy and Carrefour
Second-quarter reports reveal an increase in net profit and revenue per square meter for Tiv Taam, while retail giants Carrefour and Rami Levy show a downward trend for the past quarter.
Tiv Taam, the supermarket chain controlled by Hagai Shalom, has published its financial results for the second quarter of 2026. Data shows that revenue per square meter in the chain's comparable stores rose by 0.9% to 12,000 shekels. In contrast, competitors Carrefour Israel reported a 7.2% decrease in same-store sales, while Rami Levy saw a decline of 2.4%.
The report indicates that total revenue grew by 3% to 555.7 million shekels. Revenue in the retail sector, the company's core business, rose by 1% to 425 million shekels, while the trade sector saw a 6.5% increase in sales, totaling 160.4 million shekels.
The group's gross profit for the second quarter rose by 5.4% year-on-year to 193.4 million shekels. Operating profit increased by 10.6% to 42.7 million shekels, with its margin on sales rising from 7.2% to 7.7%. Additionally, the company's net profit grew by 3.2% to 25.3 million shekels.
Following the report's publication, Tiv Taam's stock jumped by 6.99% on Wednesday. Over the past week, the stock has risen by 4.39%, with a 1.04% increase recorded over the last month. Notably, the company's shares had previously fallen by 16.86% over the last three months.
