Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site.... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

4 minutes

Ahold Delhaize (AD) 3Q16 RESULTS: CORE SALES UP, BUT EARNINGS MISS ESTIMATES ON US WEAKNESS

Primary Analyst: Coresight Research
Contributors
Primary Analyst: Coresight Research
Company Earnings Update

Executive Summary

  • Ahold Delhaize reported 3Q16 pro forma revenues of €14,546 million, up 2.6% from €14,176 million in 3Q15, narrowly beating the consensus estimate of €14,516.98 million. The underlying EBITDA margin grew by 8 basis points and the underlying operating margin increased by 6bps. Underlying EPS fell 3.7% to €0.26, missing the consensus estimate of €0.28.
  • Synergies from the merger between Ahold and Delhaize earlier in 2016, new store openings and investments in price and cost efficiencies drove volume growth across all regions, but was slightly offset by a deflationary environment in the US.
  • Ahold Delhaize expects price pressure from the deflationary environment in the US to continue at its current levels. The company expects the pro forma underlying operating margin to be in line with the current year-to-date level of 3.6%.

Please Login to read the full report. Not a member? Register for a free user account.