Ahold Delhaize 3Q Net Profit Beat Consensus, Raises Fiscal Year Guidance
10 November 2021 - 8:29AM
Dow Jones News
By Ian Walker
Koninklijke Ahold Delhaize NV on Wednesday reported a market
beating third-quarter net profit and raised its full-year
guidance.
The Dutch grocer made a net profit for the third quarter of 522
million euros ($605.3 million) compared with EUR68 million for the
year-earlier period and a consensus of EUR496 million taken from
the company's website and based on 14 analysts' forecasts.
Net sales rose to EUR18.55 billion from EUR17.83 billion the
prior year a rise of 4.6% on a constant-exchange basis. This
compares with a consensus of EUR18.02 billion, according to a
company-compiled consensus of 21 analysts' estimates.
Like-for-like U.S. net sales excluding gas rose 2.9% but
European sales slipped 0.2%.
Quarterly underlying earnings per share--which strips out
exceptional and other one-off items--rose to 53 European cents from
50 cents, up 8.1% on a constant-exchange basis.
The company said it expects to report underlying EPS growth in
the low-to mid-20s range for the year compared with 2019. It had
previously forecast high-teen full-year growth.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
November 10, 2021 02:14 ET (07:14 GMT)
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