Ahold Delhaize slips after peer Albertsons' dim outlook

Albertsons Companies

08/01/2026 08:28

Corrects first bullet point to say company is Dutch, not French, updates share move

** Shares in Dutch retailer Ahold Delhaize AD.AS slip 2.6% after its U.S. peer Albertsons ACI.N forecast tepid annual sales due to a disruption in SNAP benefits and expectations of lower drug prices

** Albertsons shares closed down around 6% in New York on Wednesday

** The read-across is negative due to drifting grocery volume momentum, a lowering in U.S. drug prices, rising price competition, shrinking valuations in the sector and poor investor sentiment, J.P. Morgan says

** It expects Ahold Delhaize's U.S. net sales to account for almost 60% of total sales in FY 2025

** The broker reiterates a negative stance on the company and places it on its negative catalyst watch

** The Amsterdam-listed stock is on track for its worst day since early July and touches its lowest price since mid-April - LSEG data

 (Reporting by Alessandro Parodi)

 ((Alessandro.Parodi@thomsonreuters.com;))