2023-05-10 03:53:58 ET
- Ahold Delhaize press release ( OTCQX:ADRNY ): Q1 Non-GAAP EPS of €0.61.
- Revenue of €21.6B (+9.1% Y/Y).
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Q1 comparable sales excluding gas increased by 6.2% in the U.S. and 6.1% in Europe.
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Q1 underlying operating margin was 4.0%, a decrease of 0.2 percentage points. Strong underlying U.S. margin partially offset declines in European margin and a reduction in GSO insurance gains.
- The Company reiterates its 2023 full-year outlook, including underlying operating margin of ?4.0%; underlying EPS at around 2022 levels; free cash flow of approximately €2.0 billion; and net capital expenditures of approximately €2.5 billion.
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Ahold Delhaize Non-GAAP EPS of €0.61, revenue of €21.6B; reaffirms FY23 guidance