Welcome to our dedicated page for Max Stock news (Ticker: MAXFF), a resource for investors and traders seeking the latest updates and insights on Max Stock stock.
Max Stock (MAXFF), Israel's leading extreme value retailer, provides timely updates on corporate developments through this dedicated news hub. Investors and stakeholders can access official press releases, financial announcements, and strategic initiatives from the discount retail innovator.
This resource consolidates MAXFF's key communications including quarterly earnings reports, store expansion updates, supply chain improvements, and partnership announcements. Regular updates ensure users stay informed about operational milestones in Israel's competitive retail market and the company's growing presence in Portugal.
Content spans multiple business-critical categories: product line expansions, leadership updates, inventory management innovations, and market positioning strategies. The curated collection enables efficient tracking of the company's progress in maintaining cost-efficient operations while expanding its 'Dream Big, Pay Small' value proposition.
Bookmark this page for direct access to MAXFF's verified corporate communications. Check regularly for updates on how the company continues to optimize its retail model while serving value-conscious consumers across multiple markets.
On January 6, 2023, Max Stock announced the latest holdings of its interested parties and senior officers as of December 31, 2022. Major shareholder Moose Holdco Ltd. holds 39,350,594 shares, equating to 28.32% of the equity and voting rights. Other significant holders include Evan Charles Neumann and Ori Max, holding 81,784 and 24,981,492 shares respectively. The total percentage of holdings for interested parties is 69.91%, with a fully diluted basis standing at 68.89%. Some senior officers, however, reported declines in their share options, reflecting changes in their holdings.
Max Stock Limited reported strong financial results for Q3 2022, with revenue increasing by 14.8% to ILS 293.5 million compared to Q3 2021. Gross profit rose 19.4% to ILS 117.7 million, and gross margin improved by 150 basis points to 40.1%. Adjusted EBITDA increased by 15.4% to ILS 41.9 million, and adjusted net income grew by 10.3% to ILS 27.4 million. However, comparable store sales decreased by 1.1% for the first nine months of 2022.
Max Stock Limited (TASE: MAXO) announced on September 18, 2022, that an investigation concerning customs and import-related matters has been closed. The company successfully requested for criminal proceedings to be replaced with administrative ones, requiring only a negligible payment. This development follows the company's report dated April 26, 2021, and aligns with Note 4(a)(5) of its financial statements as of June 30, 2022. Max Stock is Israel's leading extreme value retailer, operating 55 locations across the country.
