Migdal sold Shufersal stake as weak results pressured Shufersal stock

Published on 10/13/2026 at 10:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Migdal sold ILS 125.00 million of Shufersal shares on September 25, 2026. Shufersal stock posted ILS 299 million first-half profit, down 13.80 percent.

Key points in brief

Migdal sold ILS 125.00 million of Shufersal shares on September 25, 2026.
First-half net profit fell 13.80 percent to ILS 299 million, while revenue declined 2.00 percent.
Shufersal stock was last at ILA 3,550.00 on October 13, 2026, with market capitalization of ILS 9.5 billion.
The next earnings date is listed as November 30, 2026.

Shufersal, IL0007770378, Illustration mit AI erstellt.

Shufersal (ISIN IL0007770378) was last at ILA 3,550.00 on the Tel Aviv Stock Exchange on October 13, 2026 at 11:01 a.m. IDT. WireIsrael reported on September 25, 2026, that Migdal Insurance had sold ILS 125.00 million of Shufersal shares, taking its holding below 5 percent.

Results remain under pressure

The sale followed weak first-half results. The same report said net profit fell 13.80 percent to ILS 299 million, revenue declined 2.00 percent to ILS 7.1 billion, identical-store sales fell 2.70 percent and operating profitability reached 6.30 percent.

For investors, the combination of weaker sales and a large shareholder reducing exposure gives the recent story a clear counterweight to Shufersal's long-term retail scale. The figures point to pressure on both demand and profitability rather than a single isolated item.

What does the latest quarter show?

Investing.com lists the latest announcement as August 27, 2026, with second-quarter revenue of ILS 3.410 billion and earnings per share of ILS 0.47. Its detailed summary also reports second-quarter revenue of ILS 3.412 billion and net income of ILS 125 million, compared with ILS 3.688 billion revenue and ILS 174 million net income in the prior quarter.

The sequential comparison is demanding: revenue decreased 7.48 percent and net income dropped 28.16 percent from the first quarter. That makes operating profitability and same-store sales the central indicators for the next update.

Three dated developments

On August 27, 2026, the latest results announcement showed second-quarter revenue of ILS 3.410 billion. On September 25, 2026, Migdal's sale totaled ILS 125.00 million and its stake fell below 5 percent, according to WireIsrael. On October 13, 2026, the Tel Aviv quote stood at ILA 3,550.00, while market capitalization was ILS 9.5 billion.

Upcoming reporting date

Forecaster lists November 30, 2026, as the next earnings date.

Market value and investor context

Shufersal operates in Israel's grocery retail market and is classified as a consumer staples company. Its shares trade under ticker SAE.TA on the Tel Aviv Stock Exchange and are included in the TA-35 index.

The market value of ILS 9.5 billion puts the latest operational figures into a mid-cap context, while the 13.80 percent first-half profit decline and 2.00 percent revenue decline show why the Migdal transaction matters for the stock narrative.

Shufersal stock facts

Company: Shufersal Ltd
ISIN: IL0007770378
Ticker: SAE.TA
Primary exchange: Tel Aviv Stock Exchange
Price Tel Aviv Stock Exchange: ILA 3,550.00 as of October 13, 2026, 11:01 a.m. IDT
Market capitalization: ILS 9.5 billion as of October 13, 2026
Sector / Industry: Consumer Staples / Grocery Retail
Index membership: TA-35
Next earnings date: November 30, 2026