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| Name | Symbol | Market | Type |
|---|---|---|---|
| Koninklijke Ahold Delhaize NV (QX) | USOTC:ADRNY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.11 | -0.30% | 36.25 | 36.14 | 36.56 | 36.48 | 36.19 | 36.39 | 40,595 | 21:26:12 |
From Feb 2023 to Feb 2025
By Michael Susin
Royal Ahold Delhaize raised its full-year cash-flow guidance after reporting better-than-expected net sales in second-quarter that were supported by growth in loyalty and online sales, while net profit came in below expected.
The Dutch grocer reported on Wednesday a net profit for the quarter of 468 million euros ($512.9 million) compared with EUR603 million for the year-earlier period and a consensus of EUR564 million, taken from the company's website and based on 18 analysts' forecasts.
Net sales rose to EUR22.07 billion from EUR21.45 billion the prior year. This compares with a company-compiled consensus based on 20 analysts' forecasts of EUR22.05 billion.
Looking ahead, Ahold expects free cash flow in a range from EUR2.0 billion to EUR2.2 billion compared with the previous target of around EUR2 billion.
The board has declared an interim dividend of 0.49 cents a share, up from 46 cents a year ago.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
August 09, 2023 02:30 ET (06:30 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year Koninklijke Ahold Delhai... (QX) Chart |
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