Royal Ahold Delhaize Reports Forecast-Beating 4Q Net Profit
February 15 2023 - 2:32AM
Dow Jones News
By Ian Walker
Royal Ahold Delhaize NV on Wednesday reported a 28% rise in
fourth-quarter net profit, beating forecasts, and said it expects
underlying EPS for th year ahead to be around 2022 levels.
The Dutch grocer made a net profit for the quarter of EUR809
million, compared with EUR634 million for the year-earlier period
and a consensus of EUR589 million, taken from the company's
website.
Net sales rose to EUR23.36 billion from EUR20.15 billion the
prior year, a rise 8.1% on a constant-exchange basis. This compares
with a consensus of EUR23.29 billion.
Like-for-like U.S. net sales excluding gas rose 9.3%, while
European sales climbed 5.7%, the company said.
Quarterly underlying earnings per share--which strips out
exceptional and other one-off items--rose to 72 European cents from
59 European cents, up 14% on a constant-exchange basis, it said.
For the year as a whole underlying EPS rose 7.9% at constant
exchange rates to EUR2.55
The board has declared a dividend of EUR1.05 a share, up from 95
European cents in 2021.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
February 15, 2023 02:17 ET (07:17 GMT)
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