Ahold Delhaize Conference call feedback
Ahold Delhaize's share price is up c. 6% today, driven by the solid 3Q24 results, reporting an underlying EBIT of € 855m (css: € 834m, kbcse: € 856m). The better than expected results were largely driven by good margin improvements in Europe, with the 3.9% margin now being very close to AD's ambition of at least 4%. Note that besides the solid results, the share price performance today is also partially driven by the strengthening of the USD (c. 61% US Sales). Below we summarize the key highlights of the conference call, including comments on the 4Q24 outlook.Koninklijke Ahold Delhaize is an international group of supermarket and foodservice operators based in Europe and the U.S. Co. operates supermarkets and convenience stores. In addition, Co. provides online food retailing services. Co. also finances, develops and manages store sites and shopping centers. Ahold Europe comprises Albert Heijn in the Netherlands and Belgium; Etos, Gall & Gall, and albert.nl in the Netherlands; and Albert / Hypernova in the Czech Republic and Slovakia. Ahold USA is organized into four retail divisions: Giant Carlisle, Giant Landover, Stop & Shop New England, and Stop & Shop New York Metro. The Peapod online business is also part of Ahold USA.
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