Ahold Delhaize N.V. : Market reaction too harsh on a decent start to 2023
>Strong numbers, with EBIT and EPS beating our forecasts by 6% and 9% in Q1 - Ahold Delhaize’s Q1 2023 results came in ahead of our forecasts, with group EBIT 5.8% higher than forecast and EPS 9% ahead of our estimate. Management claimed share gains in most markets and the retailer was particularly positive about the performance of its markets in Eastern Europe. The divisional picture for Q1 2023 was not too different from previous quarters: namely, a very strong perf...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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