Ahold Delhaize posts Q3 earnings beat but valuation limits upside
Ahold Delhaize delivered better-than-expected Q3 results, with solid growth in the US and Europe, improving margins and ongoing gains in private-label and online grocery. Yet higher CapEx and lease payments weighed on free cash flow, and the current valuation appears demanding.
Published on 11/06/2025
at 12:10 pm IST - Modified on 11/06/2025
at 11:38 am IST
Alphavalue
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Ahold Delhaize N.V. is one of the world leaders in retailing. Net sales break down by activity as follows:
- retail distribution in the United States (57.5%): operated, at the end of 2025, 2,017 stores broken down by names between Food Lion (1,110), Stop & Shop (362), Giant/Martin's (194), Hannaford (188) and Giant Food (163).The group is also active in sale and home or workplace delivery of groceries through the Website Peapod.com;
- retail distribution in Europe (42.5%): operated 7,543 stores under the names Profi (1,745 in Romania), Albert Heijn (1,288 in the Netherlands and Belgium), Mega Image (993 in Romania), Delhaize (819 in Belgium and Luxembourg), AB (645 in Greece), Gall & Gall (629 in the Netherlands), Delhaize Serbia (546 in Serbia), Etos (506 in the Netherlands), Albert (349 in the Czech Republic), and Ena Food (14 in Greece).Ahold Delhaize N.V. is also active in sale and home or workplace delivery of groceries through the Website bol.com.
Net sales are distributed geographically as follows: the Netherlands (21.6%), the United States
(57.4%) and others (21%).
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