CCC stock enters next earnings phase after stronger Q3 margins

MODIVO PLATFORM reported record third-quarter revenue and wider margins on Friday, November 6, 2026, giving investors an early view of the Polish footwear and fashion group before its full fiscal report. The figures were covered by Investing.com.

Revenue for the August-to-October quarter reached PLN 3.2 billion, an 11 percent increase from the comparable period. Offline sales rose 25 percent, while online sales declined 4 percent. Like-for-like sales across comparable stores increased 9 percent, and retail space expanded 33 percent year over year.

Margins lead the earnings picture

Group gross margin rose 5.5 percentage points to 51.4 percent. Management attributed the improvement to inventory optimization in earlier quarters, a stronger product mix and higher full-price sales. The CCC business line reached a gross margin of 60.1 percent, an increase of 7.9 percentage points, while HalfPrice reached 50.9 percent.

Adjusted EBITDA rose 48 percent year over year to PLN 450 million on a like-for-like basis. After one-off items totaling PLN 69 million and the Worldbox contribution, adjusted EBITDA for continuing operations stood at PLN 372 million. HalfPrice nearly doubled adjusted EBITDA to PLN 135 million, while CCC increased adjusted EBITDA 34 percent to PLN 232 million and lifted its margin to 19 percent.

The improvement was uneven across the platform. MODIVO.com adjusted EBITDA declined 23 percent to PLN 84 million, and its margin fell to 9 percent. The online-focused business therefore remains the main operating challenge even as the group's physical retail formats deliver stronger sales and profitability.

Expansion remains the next test

Management continues to emphasize off-price retail, with HalfPrice and the newer ShockPrice concept at the center of the expansion strategy. Worldbox reduced its EBITDA loss to PLN 9 million in the quarter. The company expects the format to approach break-even in the following periods, while the full results will show whether the margin gains are translating into stronger operating profit and cash generation.

CCC stock traded at 26.06 euros on Lang & Schwarz at 10:34 CET on Thursday, November 12, 2026.

Polish equities can be followed in the WIG 20 market environment.

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