The Belgian-Dutch food retailer Ahold Delhaize has reported Q1 2020 EPS that is up by about 50% at 59 euro cents, beating the consensus by 5 cents
Ahold’s net sales rose by 14.7% to 18.2 billion euros, including a 12.7% increase excluding currency effects.
The Ahold Delhaize group is maintaining its annual targets, including underlying mid-single-digit growth in EPS and an underlying operating margin. Ahold also confirmed that the company remains committed to its dividend policy and share buyback program.
At the moment of writing Ahold Delhaize (AD.AS) is trading around €23 up 3.80% and has a dividend yield of 3.4%.
Source: press release
