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Ahold Delhaize: Q1 beats consensus

( - Ahold Delhaize has reported Q1 2020 underlying EPS that is up by about 50% at 59 euro cents, beating the consensus by five cents, while its underlying operating margin improved by 0.
9 point to 5.3%.

At 18.2 billion euros, the food retailer's net sales rose by 14.7%, including a 12.7% increase excluding currency effects. On a comparable basis and excluding petrol, sales increased by 13.8% in the US and 9.8% in Europe.

The Belgian-Dutch group is maintaining its annual targets, as updated on 7 April, including underlying mid-single-digit growth in EPS and an underlying operating margin that is pretty stable compared to 2019.

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