Ahold Delhaize’s Q2 performance was ahead of our and the market’s expectations. Both sales and EPS outperformed, with strong momentum in both operating geographies. While the management has suspended the sub-IPO of European e-com banner Bol.com, this is not a surprise considering the company’s previous commentary and the current market conditions. The improved financial outlook for 2022 and the mid-term also bodes well for investor sentiment. We will be upgrading our financial estimates slightly ....
12 Aug 2022
Strong Q2 performance; guidance upgraded
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Strong Q2 performance; guidance upgraded
Koninklijke Ahold Delhaize N.V. (AD:AMS) | 0 0 0.0%
- Published:
12 Aug 2022 -
Author:
Nishant Choudhary -
Pages:
4
Ahold Delhaize’s Q2 performance was ahead of our and the market’s expectations. Both sales and EPS outperformed, with strong momentum in both operating geographies. While the management has suspended the sub-IPO of European e-com banner Bol.com, this is not a surprise considering the company’s previous commentary and the current market conditions. The improved financial outlook for 2022 and the mid-term also bodes well for investor sentiment. We will be upgrading our financial estimates slightly ....