Monoprix stock: Sales growth continues as store network expands

Monoprix's Tunisian operator Société Nouvelle Maison de la Ville de Tunis (SNMVT) continued to grow sales in the first nine months of 2026. African Manager reported on October 27, 2026 that revenue excluding taxes reached TND 670.9 million, an increase of 7.8% from the same period a year earlier.

Sales and margins

Third-quarter revenue excluding taxes rose 8.2% year on year to TND 258.7 million. Revenue including taxes reached TND 280.3 million, up approximately 8.5%.

Merchandise costs increased more slowly than sales. Cost of goods sold rose 6.6% over the first nine months, reaching TND 548.3 million, while the difference between revenue excluding taxes and merchandise costs widened to approximately 18.3% of revenue from 17.3% a year earlier. Personnel expenses, however, increased by nearly 14% to TND 60 million during the period.

Financial position and network

Financial expenses declined by 8.3% over the first nine months to TND 3.1 million, compared with TND 3.35 million a year earlier. Financial income rose 5.6% to TND 5.4 million, leaving a positive net financial balance of TND 2.36 million at the end of September.

The retailer operated 90 stores at the end of September, two more than a year earlier. The workforce was broadly stable at 3,651 employees, compared with 3,649 at the end of September 2025.

For broader context on Tunisian market developments, see current market reports.

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