Ahold Delhaize N.V. : Very solid underlying results in Q2 2024; Outlook reiterated for 2024
>Beating expectations on almost all key lines in Q2 2024 - Ahold Delhaize reported sales of € 22,349m in Q2 2024 (ABNe: € 22,108m, consensus: € 22,135m). Underlying EBIT was € 933m (ABNe and consensus: € 868m), implying profitability of 4.2% (ABNe and consensus: 3.9%). Comparable growth was -0.4% in the US (ABNe: -0.3%, consensus: -0.5%) and 2.4% in Europe (ABNe: 1.3%, consensus: 1.7%). EBIT profitability was 4.7% in the US (ABNe and consensus: 4.4%), and 3.7% in Euro...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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