Ahold Delhaize Raises Cash-Flow Guidance; Net Profit Missed Views
August 09 2023 - 2:45AM
Dow Jones News
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.
Koninklijke Ahold Delhai... (EU:AD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Koninklijke Ahold Delhai... (EU:AD)
Historical Stock Chart
From Apr 2023 to Apr 2024
