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Ahold Delhaize : The impact of the warning (-4% on earnings) looks limited to 2019 in our view – we maintain our positive stance on the stock

>Warning on 4% of 2019e earnings following strikes at S&S - Ahold Delhaize Group was forced to issue a warning on its 2019 earnings due to strikes in New England that affected 59% of the stores of its main US subsidiary Stop and Shop (which represents 24% of the group's sales in the US and 14% of consolidated sales).The 11-day strike has just ended (employees returned to work on Monday, 22 April); an agreement (including better coverage of "pensions") has been si...
Underlying
Koninklijke Ahold Delhaize N.V.

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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Oddo BHF
Oddo BHF

​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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