Report
Clement Genelot

Ahold Delhaize Q3 preview: Temporary US profitability headwinds

Ahead of the Q3 publication on 8th November (before-market opening), we have cut our Q3 estimates by 6% and our FY 2023 estimates by 1% to reflect mostly temporary profitability headwinds in the US that are set to vanish as of Q4 with better margin prospects from Q4 onwards. Below EUR29/share remai
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Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Clement Genelot

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