Ahold Delhaize cuts 2026 outlook after cybersecurity incident

Koninklijke Ahold Delhaize

Today 06:39

Overview
Netherlands food retailer's Q3 revenue rose 1.9% yr/yr at constant rates to €23.1 bln
Adjusted EPS for Q3 rose 1.4% yr/yr to €0.69
Company cut full-year guidance due to Q4 impact from cybersecurity incident

Outlook
Company lowers 2026 underlying operating margin outlook to approaching 4.0% from around 4.0%
Ahold Delhaize now sees 2026 diluted underlying EPS growth in low-single-digits at constant rates
Company expects 2026 free cash flow of around €2.1 bln, down from at least €2.3 bln previously

Result Drivers
COST DISCIPLINE - Co said strong cost discipline and execution of Save for Our Customers program supported operating margin
ONLINE SALES - Co said online sales grew 8.2% in Q3, driven by 14.2% growth in the U.S.
MARKET-SPECIFIC CHALLENGES - Co said egg price deflation, cyclospora outbreak and reduced SNAP benefits negatively impacted U.S. sales

Company press release: Full Story

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
EUR 23.10 bln
 
Q3 Adjusted EPS
 
EUR 0.69
 
Q3 Adjusted EBIT Margin
 
4.10%
 
Q3 EBIT
 
EUR 976 mln
 
Q3 EBIT Margin
 
4.20%
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 10 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the food retail & distribution peer group is "buy."
Wall Street's median 12-month price target for Koninklijke Ahold Delhaize N.V. is €38.00, about 18.2% above its November 3 closing price of €32.16
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Nov 2 - Ahold Delhaize says 'IT incident' hit store fridges in Belgium, Luxembourg
Nov 3 - Yum Brands tops Q3 adjusted EPS estimates
Nov 3 - Keurig Dr Pepper Q3 revenue, profit beat estimates

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)