The Dutch supermarket company Royal Ahold Delhaize returned to earnings in the fourth quarter of 2021, exceeding market estimates, although it said it expects adjusted earnings per share to decline this year as margins return to historic levels.
The Dutch company announced net profit for the quarter of 634 million Euros, compared to the net loss of 9 million Euros a year ago and the estimates for profit of 535 million Euros.
Net sales rose to 20.15 billion euros from 19.60 billion euros a year ago, to a 0.1% increase on a fixed exchange rate basis.
Convergent estimates spoke of 19.83 billion euros.
Comparable U.S. sales – excluding gas – rose 16% while European sales rose 12%.
Quarterly underlying earnings per share, excluding extraordinary ones, rose to 59 cents from 53 five, up 7.6% in fixed currency.
For 2022, the company expects a drop in the low-medium single-digit percentage of underlying earnings per share compared to 2021.
Overall in 2021 the underlying earnings per share decreased by 0.5% at a fixed exchange rate.
The BoD has announced a final dividend of 52 cents per share, up from 40 cents a year ago, with the total dividend for the year standing at 95 cents compared to 90 cents.
The Dutch company announced net profit for the quarter of 634 million Euros, compared to the net loss of 9 million Euros a year ago and the estimates for profit of 535 million Euros.
Net sales rose to 20.15 billion euros from 19.60 billion euros a year ago, to a 0.1% increase on a fixed exchange rate basis.
Convergent estimates spoke of 19.83 billion euros.
Comparable U.S. sales – excluding gas – rose 16% while European sales rose 12%.
Quarterly underlying earnings per share, excluding extraordinary ones, rose to 59 cents from 53 five, up 7.6% in fixed currency.
For 2022, the company expects a drop in the low-medium single-digit percentage of underlying earnings per share compared to 2021.
Overall in 2021 the underlying earnings per share decreased by 0.5% at a fixed exchange rate.
The BoD has announced a final dividend of 52 cents per share, up from 40 cents a year ago, with the total dividend for the year standing at 95 cents compared to 90 cents.
Source: Capital
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