Ahold Delhaize Reports In-Line 4Q and FY 2017 Sales With Strong Online Growth; FCF Guidance Hiked
No-moat Ahold Delhaize reported fourth-quarter and full fiscal 2017 sales growth of 1.6% and 1.7% (pro forma) respectively, in line with our 2017 sales forecast. Management confirmed fiscal 2017 EBIT guidance (3.9% EBIT margin) and increased free cash flow, or FCF, guidance for the year (but didn't give specific guidance). We maintain our EUR 18.60 fair value estimate, and as such, we believe shares are fairly valued in the market.ÂWeakness in the Northeastern U.S. is continuing as Ahold USA re...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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