Netherlands' Ahold Delhaize Q4 sales rise 6.1% on Profi acquisition impact

Koninklijke Ahold Delhaize

11/02/2026 06:46

Overview

Dutch food retailer's Q4 net sales rose 6.1% at constant exchange rates

Diluted underlying EPS for Q4 increased 6.1% at actual exchange rates

Company's Q4 online sales grew 12.9% at constant exchange rates

Outlook

Company expects underlying operating margin of around 4% for 2026

Ahold Delhaize anticipates mid- to high-single-digit EPS growth at constant exchange rates

Company projects free cash flow of at least €2.3 bln in 2026

Result Drivers

PROFI ACQUISITION - Net sales positively impacted by 3.2 percentage points at constant exchange rates due to the acquisition of Profi

ONLINE SALES GROWTH - Online sales increased 12.9% at constant exchange rates, driven by 22.8% growth in the U.S.

OMNICHANNEL STRATEGY - Shift to store-first omnichannel model in the U.S. supported strong performance despite impairment charges

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
EUR 23.50 bln
Q4 Adjusted EPS
EUR 0.73
Q4 Adjusted EBIT Margin
4.20%
Q4 EBIT
EUR 899 mln
Q4 EBIT Margin
3.80%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 6 "hold" and 1 "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 NV is €39.00, about 12.4% above its February 10 closing price of €34.71

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

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.)