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Koninklijke Ahold Delhaize NV ADR ADRNY Stock Quote

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Ahold Reports Another Strong Quarter, Ups Fiscal-Year 2022 Profit Guidance but Q3 FCF Lower

Ioannis Pontikis, CFA Senior Equity Analyst

Analyst Note

| Ioannis Pontikis, CFA |

Koninklijke Ahold Delhaize released third-quarter results that included net sales up 20.8% to EUR 22.4 billion (up 9.1% at constant exchange rates), surprising on the upside. More specifically, net sales were ahead of the company-compiled consensus (EUR 22.4 billion versus EUR 21.8 billion) with underlying operating income of EUR 993 million ahead of the EUR 883 million company-compiled consensus. Comparable sales growth was 8.2% and 7.4% for the United States and Europe, respectively, versus 6.2% and 5.2% estimates for company-compiled consensus.

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Company Profile ADRNY

Business Description

Ahold Delhaize is the product of the July 2016 merger between Netherlands-based Ahold and Belgium's Delhaize, forming the fourth-largest grocer in the U.S. and a top player in many parts of Europe. The United States is the largest market, accounting for about 60% of group sales, with Ahold Delhaize the leading grocer on the Eastern seaboard. The U.S. store network stretches from Maine to Georgia and includes such banners as Stop & Shop, Giant Carlisle, Giant Landover, Food Lion, Hannaford, and Peapod. The Netherlands, Belgium and Central and Southeastern Europe, including the Czech Republic, Greece, Romania, and Serbia account for about 40% and Ahold Delhaize holds the number-one and number-two positions in these countries.

Provincialeweg 11
Zaandam, NH, 1506 MA, Netherlands
T +31 886595100
Industry Grocery Stores
Most Recent Earnings Sep 30, 2022
Fiscal Year End Jan 3, 2022
Employees 413,000