Israels Largest Retailer Posts Weak Q2 Results
Shufersal, Israel's largest retailer, reported a 7.5% revenue drop and 34.5% net profit fall in Q2, leading to a significant decline in its market value.
Jerusalem, 27 August, 2026 (TPS-IL) — Israel’s largest retail chain, Shufersal, reported weak second-quarter results on Thursday. Its shares fell about 10%, wiping roughly $400 million off the company’s market value within hours.
Revenue fell 7.5% to about $1.15 billion, compared with $1.24 billion a year earlier. Net profit fell 34.5% to $42.1 million. Same-store sales, an important measure of retail performance, dropped by about 9%.
Despite the weaker results, the board approved a dividend of about $60.7 million.
The chain is renovating about 30 stores as part of a shift to its new “Universe” format, focusing on high-volume sales and lower prices. Shufersal said sales at stores undergoing renovations temporarily fell by about 50%.
The company’s decision to close all stores on Saturday nights and reduce promotional activity also hurt sales.