Ahold's Q2 Results Impress by Overcoming Market Challenges
Ahold Delhaize reported solid second-quarter results showing good performance across the board, with comparable-store sales growth coupled with margin expansion. The firm achieved this despite several challenges, including persistent price deflation, competitive pressures in the U.S. market, price investments across the store network, and disruption from store transformations at Delhaize Belgium. Our fair value estimate and moat rating remain under review.Ahold's Dutch business was the main dri...
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