Q1 2026 Koninklijke Ahold Delhaize NV Earnings Call Transcript

May 6, 2026 / 08:00 AM GMT

Release Date Price: €38.4 (-2.25%)

Transcript

Key Points

Positve

Koninklijke Ahold Delhaize NV (ADRNY) reported a solid start to the year with a 2% increase in net sales and comparable sales excluding gasoline.
The company achieved an underlying operating margin of 4% and an 8.9% increase in diluted underlying EPS.
Online sales in the U.S. grew by 14.3% at constant exchange rates, marking the eighth consecutive quarter of double-digit growth.
The company is investing in price, quality, and relevance across its brands, which has led to positive customer responses and increased market share in key regions.
Koninklijke Ahold Delhaize NV (ADRNY) is focusing on long-term contracts and renewable energy sources to strengthen its energy position, which is expected to mitigate future cost pressures.

Negative

Geopolitical tensions and elevated energy prices are contributing to uncertainty and putting pressure on household budgets.
The company is experiencing management changes, with key executives leaving, which may raise concerns about continuity in executing the Growing Together strategy.
The U.S. market faces challenges such as the impact of the Inflation Reduction Act on pharmacy sales and changes to the SNAP program affecting lower-income customers.
In Serbia, governmental decrees and new regulations on trade practices are impacting sales and margins, with potential effects on free cash flow.
The company is facing wage inflation in the Netherlands, which requires offsetting through productivity improvements and cost control measures.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AD.AS - Koninklijke Ahold Delhaize NV
Q1 2026 Koninklijke Ahold Delhaize NV Earnings Call
May 06, 2026 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good morning and welcome to the Analysts Conference Call on the first quarter 2026 results of Aerhold Dalheys. Please note that this call is being webcast and recorded.

During this call, Aerhold Dalheys anticipates making projections and forward-looking statements.

All statements other than statements of historical facts may be forward-looking statements. Forward-looking statements are subject to risks, uncertainties and other factors that are difficult to predict and that may cause our actual results to differ materially from future results expressed or implied by such forward-looking statements. Therefore, you should not place undue reliance on any of these forward-looking

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