Redeye provides an initial take on the Q2 2026 report from Cheffelo, published this morning. Net sales was already announced beforehand and landed in line, while EBIT beat our estimate by 18%, extending a now well-established run of consistent execution. Growth was unusually broad-based this quarter, with active customers, order frequency and average order value all rising simultaneously, and management struck a confident tone on the outlook even as it flagged a tougher growth comparison for the second half. We expect a positive share price reaction of at least 5-10%.
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