Ahold Delhaize (ENXTAM: AD) 1Q19 Results: EPS in Line with Consensus, Lowers FY19 EPS Guidance

Executive Summary

• Ahold Delhaize reported 1Q19 net sales of €15.88 billion, up 1.5% year over year at constant exchange rates (up 6.3% as reported), and slightly below the consensus estimate of €15.96 billion recorded by StreetAccount.
• The company reported diluted EPS from continuing operations of €0.38, up 15.2% year over year and in line with the consensus estimate.
• Ahold Delhaize lowered its guidance on EPS and now expects underlying earnings per share from continuing operations to grow by a low-single-digit percentage compared to earlier guidance of high single digits.