Ahold Delhaize Net Profit Rises After Sales Beat Market Views
By Helena Smolak
Ahold Delhaize net profit rose in the second quarter after sales beat market expectations.
The Dutch grocer reported Wednesday net profit of 499 million euros ($545.5 million) compared with EUR468 million for the year-earlier period.
Net sales rose to EUR22.35 billion from EUR22.07 billion, beating a company-compiled consensus of EUR22.135 billion.
Ahold reiterated its full-year guidance, expecting an underlying operating margin of 4% or higher and underlying earnings per share at around 2023 levels at current exchange rates. Its free cash flow is expected to be around EUR2.3 billion.
The board declared an interim dividend of EUR0.50 a share, up from EUR0.49 a year ago.
Write to Helena Smolak at helena.smolak@wsj.com
(END) Dow Jones Newswires
August 07, 2024 02:26 ET (06:26 GMT)
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