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Ahold Delhaize cuts 2026 outlook after cybersecurity incident

By Reuters News


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.)

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