Q1 underlying EPS 0.59 eur, down 2.9% (Il Sole 24 Ore Radiocor) - Brussels, 08 May - The Dutch retailer Ahold Delhaize said in the first quarter it posted net sales of 21.7 billion euros, up 1.3% at constant exchange rates and up 0.4% at actual exchange rates.

Comparable sales excluding gas increased by 1.6% for the group, with an increase of 0.8% in the US and an increase of 2.8% in Europe.

The underlying operating margin was 4.0%, in line with the prior year.

Diluted underlying earnings per share totalled 0.59 euros, down 2.9% year on year.

The company reiterated its full-year outlook, including expectations of an underlying operating margin of at least 4.0%; underlying EPS at around 2023 levels; free cash flow of around 2.3 billion euros and net capital expenditures of about 2.2 billion.

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(RADIOCOR) 08-05-24 18:58:02 (0679) 5 NNNN