Colruyt has guided for FY23/24 profit to increase by at least 50% yoy. This should be driven by strong market share gains (>100bp between April and August), better balance between sales price and cost inflation, and the benefit from cost efficiency measures. The group also announced an interim dividend of €1.0 per share following the sale of Parkwind. This improvement is much stronger than expected and competitors are likely to try harder to stem the advances of Colruyt. We will raise the target ....
