Tab Gida Sanayi ve Ticaret, TRETABG00020

Tab Gida Sanayi ve Ticaret stock adds 73 restaurants

Published on 10/08/2026 at 05:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tab Gida Sanayi ve Ticaret stock reflects a 2,164-restaurant network after 73 openings in Q3 2026. Second-quarter revenue rose 13 percent, but net income fell 9 percent.

Tab Gida Sanayi ve Ticaret, TRETABG00020, Illustration mit AI erstellt.

Tab Gida Sanayi ve Ticaret stock was last quoted at TRY 220.60 on Borsa Istanbul on October 7, 2026, down 1.91 percent for the session. The company had added 73 restaurants during the third quarter, taking its network to 2,164 locations by September 30, according to Paratic on October 1, 2026.

Restaurant growth reaches 2,164 sites

The expansion figure is the clearest current operating signal for TABGD. The company opened 73 restaurants across the system in the third quarter, while the year-to-date total reached 151 new locations.

At September 30, 2026, Tab Gida operated 1,219 restaurants directly and had 945 franchise locations. The total was 2,164, compared with 2,100 locations at June 30, 2026, a net increase of 64 restaurants during the quarter.

Revenue grows while profit declines

Second-quarter 2026 revenue reached TRY 30.315 billion, up 13 percent from TRY 26.885 billion in the same quarter of 2025, according to Para Ajansi in its September 20, 2026 report.

EBITDA increased 12 percent to TRY 6.044 billion, but net income decreased 9 percent to TRY 1.754 billion from TRY 1.933 billion a year earlier. The same report identified a negative net monetary position of TRY 329.781 million in the quarter, a factor that helps explain why operating growth did not translate into higher net income.

Gedik target remains above market price

Gedik Yatirim kept an Outperform-equivalent recommendation and set a TRY 405.60 12-month target after reducing its previous TRY 423.70 target, as reported by Hibya on September 18, 2026. The target lies 83.9 percent above the TRY 220.60 market price, making the valuation gap material even as the latest session was negative.

Stock remains below yearly high

TABGD's 52-week range was TRY 203.68 to TRY 295.00, placing the October 7 price TRY 74.40 below the yearly high and TRY 16.92 above the low. The combination of restaurant expansion, double-digit revenue growth and lower net income leaves store productivity and margin conversion as the key operating measures for the next update.