Bank of America maintains its 'buy' rating on Ahold Delhaize shares, nudging up its target price for them from €39 to €40, following the publication of the Belgian-Dutch retailer's Q1 results.
The broker points out 3.3% growth in comparable sales, 120 basis points above consensus, with underlying EBIT 3% higher than expected, in addition to the group confirming its annual targets.
Improved LFL and volume growth in the US are positive signs that the medium-term plan is on track, BofA says, which has raised its EBIT and EPS estimates for 2025 by 2% to 3%.
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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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