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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.1375 | 0.46% | 29.89 | 29.77 | 30.14 | 29.89 | 29.75 | 29.80 | 217,945 | 21:06:36 |
From Jun 2023 to Jun 2024
By Michael Susin
Royal Ahold Delhaize raised its full-year guidance, despite reporting a worse-than-expected fall in third-quarter net profit, and outlined a share buyback program.
The Dutch grocer on Wednesday said that it expects free cash flow for 2023 to be in the range of 2.2 billion euros to 2.4 billion euros ($2.35 billion to $2.57 billion), compared with previous target range of between EUR2.0 billion and EUR2.2 billion.
The company reported a net profit for the quarter of EUR394 million, compared with EUR589 million reported the same period a year ago and a company-provided consensus estimate of EUR590 million.
Net sales came in at EUR21.93 billion from EUR22.41 billion the prior year. This compares with the company-compiled consensus of EUR21.95 billion.
Ahold Delhaize outlined a EUR1 billion share buyback program, scheduled to start at the beginning of 2024.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
November 08, 2023 02:19 ET (07:19 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year Koninklijke Ahold Delhai... (QX) Chart |
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