Ahold Delhaize: raises FY guidance
(CercleFinance.com) - On announcing its quarterly earnings, Ahold Delhaize said that it now expects its 2022 underlying EPS to be comparable to the level in 2021, rather than down by a low to mid-single digit percentage.
Higher-than-expected Q1 earnings, a more resilient US consumer climate and a more favourable dollar, should more than offset the challenging economic environment in Europe, the food retailer said.
In Q1 2022, the company's underlying EPS reached 0.55 euro, while its underlying operating margin was 4.2%, on sales growth of 8.3% to nearly 19.8 billion euros (+3.6% at constant exchange rates).
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