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Ahold Delhaize Stock 1AD

Koninklijke Ahold Delhaize N.V. · IR documents · Reporting currency EUR · Quarterly reporting · Figures as of Q2 2026 · updated 2026-10-19 · checked 2026-10-08 · ISIN NL0011794037 · WKN A2ANT0

Koninklijke Ahold Delhaize N.V. Ahold Delhaize stock (1AD): Quarterly and annual results since 2023 from Quarterly Report and IR documents: revenue, earnings, balance sheet, cash flow and management guidance, every figure with its source. As of 08/2026, quarterly reporting. Stock analysis by NadirAlpha. Ahold Delhaize stock (1AD): listed on Euronext, WKN A2ANT0. NadirAlpha has evaluated 21 original documents, cross-checked every figure automatically and linked each to its source; sources as of 08/2026. Revenue Q2 2026: EUR 23.2 billion (+0% year on year). Latest reported (Q2 2026): Underlying operating margin, Own brand food penetration, Online sales growth constant rates. Latest reading: Revenue decelerating, Margin compressing, Acquisition.

Revenue decelerating Margin compressing strategy: Acquisition

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Ahold Delhaize Current Status

The current state of Ahold Delhaize at a glance, figures as of Q2 2026, with core figures and the key management statements from the latest filing. NadirAlpha methodology

Assessment by NadirAlpha, as of Q2 2026.

Ahold Delhaize reported second-quarter 2026 net sales of EUR 23,165 million, with growth of 1.9% at constant exchange rates driven by comparable sales growth of 1.2% and own-brand penetration exceeding 40% at Group level 19. Net income for the quarter was EUR 526 million, with reported diluted EPS of 0.60 147. Online sales grew 8.6% at constant rates in Q2, with U.S. online sales accelerating 14.5%, marking the ninth consecutive quarter of double-digit growth 19. Management reconfirmed full-year 2026 guidance for the period 19.
Management commentary on the 2026-Q2 results (IR-Quarter, 2026-08-05):

“All Stop & Shop locations now have price investments in place.”

Frans Muller, President and Chief Executive Officer 19

“Looking ahead, we expect the operating environment to remain challenging.”

Frans Muller, President and Chief Executive Officer 19
Revenue · 2026-Q223,165€ million+0.3 % vs. 2025-Q2
Net profit · 2026-Q2526€ million−4.0 % vs. 2025-Q2
EPS · 2026-Q20.60€+0.0 % vs. 2025-Q2
Revenue trend
Guidance
For FY2026, Ahold Delhaize guides EPS (GAAP) mid- to high-single-digit growth at constant exchange rates (confirmed); Share buyback 1,000 € million (confirmed); Save for Our Customers 1,250 € million (confirmed). 19
Profitability
Operating income in Q2 was EUR 866 million, with the underlying operating margin at 3.9% 19. Free cash flow was EUR 1,116 million for the quarter, reflecting operating cash flow of EUR 1,743 million against capital expenditures of EUR 627 million 147, higher than the prior period driven by stronger operating cash flows 19.
Leverage
Net debt stood at EUR 1,665 million at quarter-end, with a cash position of EUR 3,196 million 147. During Q2, Ahold Delhaize priced a EUR 800 million dual-tranche EUR transaction comprising a EUR 300 million 2-year floating rate note and a EUR 500 million 8-year Green bond 19. No net-debt-to-EBITDA ratio was disclosed in the quarterly results.
Management view
Management reconfirmed full-year 2026 guidance for underlying operating margin around 4%, mid- to high-single-digit diluted EPS growth, and free cash flow of at least EUR 2.3 billion 19. Price investments across retail banners were maintained as a strategic priority to support customer affordability in a value-conscious consumer environment 19.
Change
The underlying operating margin declined 0.1 percentage points at constant rates in Q2 to 3.9%, reflecting higher energy costs and price investments 19. Diluted underlying EPS decreased 1.4% at constant rates to EUR 0.63 in Q2 19.
Risks (current)
The Inflation Reduction Act is expected to impact approximately USD 450 million in U.S. pharmacy sales, a company-specific revenue headwind 19. Households remain value-conscious amid an uncertain macroeconomic environment, with egg price deflation and reduced SNAP benefits weighing on U.S. consumer demand 19. Additional risks include antitrust compliance requirements, potential adverse legal proceedings outcomes, nature and climate-related challenges, and the possible impact of financial debt levels and credit rating downgrades 19.
New this reporting period
Ahold Delhaize closed the Delfood acquisition on February 2, 2026, expected to add over EUR 200 million in net sales to the Europe segment 19. The bol.com platform extended into regulated financial services through bol Payment Services B.V. obtaining a payment provider license 19. Ahold Delhaize acquired a strategic option to purchase a distribution center in Burlington, North Carolina under a 20-year lease worth approximately USD 1 billion, anticipated to open in June 2027, and agreed with Americold to terminate storage and handling contracts for facilities in Mountville, Pennsylvania, and Plainville, Connecticut effective July 21, 2026 19.

Ahold Delhaize Stock: Key Figures (€ million)

The core financial figures of Ahold Delhaize stock in three views: fiscal years up to FY2026, half-years and quarters up to Q2 2026, in € million, most recent period first. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology

All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.

Revenue (€ million) · annual basis, as reported
Net income (€ million) · annual basis, as reported
EPS (€) · annual basis, as reported
Operating cash flow (€ million) · annual basis, as reported
Revenue (€ million) · quarterly basis, as reported
Net income (€ million) · quarterly basis, as reported
EPS (€) · quarterly basis, as reported
Operating cash flow (€ million) · quarterly basis, as reported
Cash (€ million) · annual basis, as reported
Debt (€ million) · annual basis, as reported
Net Debt (€ million) · annual basis, as reported
Capex (€ million) · annual basis, as reported
FCF (€ million) · annual basis, as reported
D&A (€ million) · annual basis, as reported
Cash (€ million) · quarterly basis, as reported
Debt (€ million) · quarterly basis, as reported
Net Debt (€ million) · quarterly basis, as reported
Capex (€ million) · quarterly basis, as reported
FCF (€ million) · quarterly basis, as reported
D&A (€ million) · quarterly basis, as reported
Shown: the most recent fiscal years. Full history since FY2022 is on record.

Fiscal years

Amounts in € million · EPS in € per share · as reported
Ahold Delhaize stock: key figures on annual basis, FY2023 to FY2025, in € million. Compiled by NadirAlpha from IR documents.
PeriodRevenueOp. incomeNet incomeEPS (€)EBITDA (adj.)OCFSource
FY202592,3523,5422,2642.50–6,989147
FY202489,3562,7841,7641.89–6,22412
FY202388,7342,8461,8741.947,0666,466130

Quarters

Amounts in € million · EPS in € per share · as reported
Ahold Delhaize stock: key figures on quarterly basis, 2023-Q1 to 2026-Q2, in € million. Compiled by NadirAlpha from IR documents.
PeriodPublishedRevenueOp. incomeNet incomeEPS (€)EBITDA (adj.)FCFCashNet DebtSource
2026-Q2*2026-08-0523,1658665260.60–1,1163,1961,665~147
2026-Q1*2026-05-0622,2758955520.621,7741543,8511,546~146
2025-Q4*2026-02-1123,4908995770.651,8761,9423,605~14,699~14
2025-Q3*2025-11-0522,4949025840.651,8188193,811781~139
2025-Q2*2025-08-0623,0928615480.60–9763,939659~15
2025-Q1*2025-05-0723,2768805540.601,8186874,739-25~13
2024-Q4*2025-02-1223,2766073800.411,8411,6596,1693,336~135
2024-Q3*2024-11-0622,0035833720.401,7108034,0841,005~9
2024-Q2*2024-08-0722,3497904990.52*≈–8285,83214,704~6
2024-Q1*2024-05-0821,7288035130.541,7216366,51714,194~8
2023-Q4*2024-02-1423,0236754510.47–1,4323,4843,738107
2023-Q3*2023-11-0821,9576253940.41*≈–8954,766-563~1
2023-Q2*2023-08-0922,0847244680.48–1,2943,8931,074~2
2023-Q1*2023-05-1021,6428225610.571,7364123,666825~4
* derived: values with formula provenance (hover); Q4 = FY − 9M · H2 = FY − H1 · EPS via implied shares · net debt = financial debt − cash · FCF = OCF − |capex|.
Columns not reported in this reporting cadence are hidden: Op. income (adj.), EPS adj. (not reported in any source for these periods).

Ahold Delhaize Balance Sheet & Cash Flow (€ million)

Point-in-time balance sheet items of Ahold Delhaize (cash, financial debt) and cash flow items per fiscal year, half-year and quarter, derived values with their formula in the popover. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology

Fiscal years

Amounts in € million · as reported
Ahold Delhaize stock: balance sheet and cash flow on annual basis, FY2023 to FY2025, in € million. Compiled by NadirAlpha from IR documents.
PeriodPublishedCashDebtNet DebtD&AOCFCapexFCFSource
FY2025–3,6057,8784,2733,5866,9892,5644,42521
FY20242024-08-076,1699,5053,3363,4776,2242,2993,9256
FY20232024-02-143,4847,2223,7383,4696,4662,4344,032130

Quarters

Amounts in € million · as reported
Ahold Delhaize stock: balance sheet and cash flow on quarterly basis, 2023-Q1 to 2026-Q2, in € million. Compiled by NadirAlpha from IR documents.
PeriodPublishedCashDebtNet DebtD&AOCFCapexFCFSource
2026-Q22026-08-053,1964,861~1,665~8891,7436271,116147
2026-Q12026-05-063,8515,397~1,546~878757603154146
2025-Q42026-02-113,605~7,87814,699~8822,7017591,94214
2025-Q32025-11-053,8114,592~781~8851,397578819139
2025-Q22025-08-063,9394,598~659~8891,59461897615
2025-Q12025-05-074,7394,714~-25~9291,29660968713
2024-Q42025-02-126,1699,505~3,336~8832,3196601,659135
2024-Q32024-11-064,0845,089~1,005~8551,3305278039
2024-Q22024-08-075,8325,751~14,704~8781,3825548286
2024-Q12024-05-086,5175,747~14,194~8601,1945586368
2023-Q42024-02-143,4847,2223,7388652,2307981,432107
2023-Q32023-11-084,7664,203~-563~8671,4435488951
2023-Q22023-08-093,8934,967~1,074~8591,8535591,2942
2023-Q12023-05-103,6664,491~825~8719405284124
Debt = long-term + current · Net debt = debt − cash · FCF = OCF − capex.

Ahold Delhaize Guidance Tracking (latest per metric/period · 12/23)

All forecasts (guidance) of the Ahold Delhaize management and their later outcome: per metric and period the most recent statement applies, the status is checked against the reported actuals. NadirAlpha methodology

Actuals: EPS in € per share · ratios in %

Direction: confirmedcutinitiatedraised Verdict: beatmisspending

Ahold Delhaize: guidance and actuals per metric and period, 23 entries. Compiled by NadirAlpha from IR documents.
For periodGuided onMetricGuidedActualVerdictDirectionSource
FY20262026-08-05EPS (GAAP)mid- to high-single-digit growth at constant exchange rates–19
FY20262026-02-25Share buyback1,000–21
FY20262026-02-25Save for Our Customers1,250–21
FY20262026-02-11Capex2,700–19
FY20262026-02-11Operating margin4%–19
FY20262026-02-11Free cash flow2,300–19
FY20252026-02-25 °Dividend per common share1.24––21
FY20252025-11-05EPS (GAAP)mid- to high-single-digit growth2.5–16
FY20252025-02-25Share buyback1,000––12
FY20252025-02-12Capex2,7002,56416
FY20252025-02-12Operating margin4%3.816
FY20252025-02-12Free cash flow2,200––16
FY20242025-02-25 °Dividend payout ratio40–50%––12
FY20242025-02-25 °Share buyback1,000––12
FY20242024-05-08EPS (GAAP)around 2023 levels1.89–6
FY20242024-02-14Capex2,2002,2996
FY20242024-02-14Operating margin4%3.16
FY20242024-02-14Free cash flow2,300––6
2024-Q32024-08-07Pre-tax expense160–210––6
FY20232024-02-27 °free cash flow2,400––5
FY20232023-11-08EPS (GAAP)Slightly below 2022 levels1.94–1
FY20232023-11-08Capex2,4002,4341
FY20232023-05-10Operating margin4%3.21

Ahold Delhaize Stock: Price & Chart

Chart and key figure trend of Ahold Delhaize stock: the TradingView chart starts only on click, the key figure chart comes from the core tables up to Q2 2026. NadirAlpha methodology

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Ahold Delhaize Event Timeline

This timeline collects the material events of Ahold Delhaize from the original reports: guidance changes, revenue and margin signals, strategy shifts, product and M&A announcements, grouped by quarter. NadirAlpha methodology

Overview: one dot per event · click jumps to the period
earningsrevenuemarginguidancestrategy2023-Q12023-Q22023-Q32023-Q42024-Q12024-Q22024-Q32024-Q42025-Q12025-Q22025-Q32025-Q42026-Q12026-Q2
2026 · 6 events

Revenue decelerating 2026-08-05
Q2 net sales grew 1.9% at constant exchange rates, with comparable sales of 1.2%, as growth moderated from the prior quarter 19
Margin compressing 2026-08-05
Underlying operating margin was 3.9%, down 0.1 percentage points at constant exchange rates, reflecting higher energy costs and price investments 19
Acquisition 2026-08-05
Strategic option acquired to purchase a distribution center in Burlington, North Carolina under a 20-year lease agreement worth approximately USD 1 billion 19

“Focusing on our Q1 performance, net sales and comparable sales excluding gasoline increased 2.0% at constant exchange rates (net sales decreased 4.3% at actual exchange rates). Thanks to the strong operational execution by our teams of associates during the quarter, we delivered a healthy underlying operating margin of 4.0%. As a result, diluted underlying EPS was up 8.9% at constant exchange rates.”

Frans Muller, President and Chief Executive Officer 18
revenue 2026-05-06
Q1 net sales grew 2.0% at constant exchange rates, with comparable sales excluding gasoline also up 2.0% 18
Margin expanding 2026-05-06
Underlying operating margin improved to 4.0%, up 0.2 percentage points at constant exchange rates 18
Acquisition 2026-05-06
Delhaize completed the Delfood acquisition, adding over 300 stores to the convenience segment of the Europe business 18
2025 · 11 events

“In grocery, success is never driven by one thing, it is many details coming together every day. Over the past year, our capabilities have matured, our execution has become more connected, and our teams are operating in a strong rhythm, supported by a culture of ownership and accountability. This showed up clearly in our strong execution through the holiday season, allowing us to finish the year on a high.”

Frans Muller, President and Chief Executive Officer 14
revenue 2026-02-11
Q4 net sales of 23,490 million, up 6.1% at constant exchange rates; full-year 2025 online sales grew 13.3% at constant rates to €10,274 million 14
Margin expanding 2026-02-11
Q4 underlying operating margin improved to 4.2%, with strong U.S. performance; full-year 2025 underlying operating margin of 4.0% in line with guidance 14
Guidance initiated 2026-02-11
2026 outlook introduced: 53rd week expected to support net sales by 1.5-2% and underlying income by 2-3%; U.S. pharmacy faces €350 million headwind from Inflation Reduction Act 14

“In Europe, we will bring new energy to increasing customer reach as we move into the new year. Delhaize Belgium is expanding its footprint with eight new supermarkets that will open in early 2026 under the brand's affiliate model. We also continue to make good progress on the integration of Profi, where we see a strong future growth path. Over the past three years, the brand has opened over 200 stores and intends to ramp up expansion plans in the next three years.”

Frans Muller, President and CEO 16
Margin expanding 2025-11-05
Underlying operating margin improved to 4.1%, up 0.3 percentage points, reflecting strong U.S. performance and operational leverage despite Profi consolidation impact 16
Guidance confirmed 2025-11-05
Full-year 2025 guidance reiterated: underlying operating margin around 4%, free cash flow of at least €2.2 billion, gross capex around €2.7 billion 16
Strategic pivot 2025-11-05
€1 billion share buyback program announced to commence at the beginning of 2026 16

“I am pleased to report solid second quarter performance, with strong sales growth supported by positive volumes in both regions. In an environment where customers prioritize value and convenience, our Growing Together strategy stands out as a key strength.”

Frans Muller, President and CEO of Ahold Delhaize 15
revenue 2025-08-06
Q2 net sales of 23,092 million, up 6.5% at constant exchange rates; comparable sales excluding gasoline grew 4.0% 15
Strategic pivot 2025-08-06
E-commerce profitability achieved on fully allocated basis in H1 2025, marking a key milestone for omnichannel strategy 15

“I am pleased to report strong first quarter sales growth, placing us well on track to reach our goals and strategic ambitions for 2025. It has been a dynamic start to the year for customers in both regions, with increasing macroeconomic and geopolitical volatility. In the U.S., there have been spikes in the price of eggs and evolving conditions around tariffs. In Europe, we have experienced ongoing conflict and tension in Ukraine and large-scale anti-corruption protests in Central and Southeastern Europe (CSE).”

Frans Muller, President and Chief Executive Officer 13
Revenue accelerating 2025-05-07
Q1 net sales of 23,276 million, up 5.0% at constant exchange rates; comparable sales excluding gasoline grew 3.3% and Profi contributed 2.9 percentage points 13
Guidance confirmed 2025-05-07
Full-year 2025 guidance reiterated: underlying operating margin around 4%, mid- to high-single-digit EPS growth, free cash flow of at least €2.2 billion 13
Acquisition 2025-05-07
Profi acquisition completed for total consideration of €1,239 million, adding 1,768 stores and more than doubling Ahold Delhaize's retail footprint in Romania 13 20
2024 · 13 events

“From an operations perspective, our Q4 performance is equally promising, and provides a good indicator of where we are heading in 2025. In Q4, net sales increased by 0.6% at constant rates, while comparable sales excluding gas increased by 1.4%. Excluding the impacts from the divestment of FreshDirect, the closure of Stop & Shop stores and the cessation of tobacco sales in the Netherlands, net sales growth would have been 2.1 percentage points higher.”

Frans Muller, President and CEO 7
earnings 2025-02-12
Full-year 2024 free cash flow of €2.5 billion exceeded guidance of approximately €2.3 billion; Q4 free cash flow grew 22.1% to €1,255 million 7
Margin compressing 2025-02-12
Q4 underlying operating margin was 4.1%, down 0.2 percentage points versus prior year; full-year underlying operating margin held flat at 4.0% 7
Acquisition 2025-02-12
Acquisition of Romanian grocery retailer Profi completed on January 3, 2025, doubling Ahold Delhaize's retail footprint in Romania and adding approximately €3 billion in net sales to the Europe segment 7

“Our track record of keeping our own house in order is paying off.”

Frans Muller, President and Chief Executive Officer 9
Guidance confirmed 2024-11-06
Full-year 2024 guidance reiterated: underlying operating margin ≥4.0%, underlying EPS around 2023 levels, free cash flow around €2.3 billion, net capital expenditures around €2.2 billion 9
Strategic pivot 2024-11-06
Announced €1 billion share buyback program to commence at the beginning of 2025 9
Divestiture 2024-11-06
Closure of 32 Stop & Shop stores completed by early November 2024, with estimated net sales impact of $100-125 million in 2024 9

“We are also well on track with our Save for Our Customers program for 2024. In addition, we are starting to benefit from structural changes in our business related to the Belgium Future Plan and cost savings initiatives in Europe and the U.S. that were initiated over the past 12 months. Our delivery of an underlying operating margin of 4.2% puts us in a good position to take further steps this year to accelerate growth investments, and comes at a time when we see encouraging volume trends in both regions.”

Frans Muller, President and Chief Executive Officer 6
Margin expanding 2024-08-07
Underlying operating margin improved to 4.2%, up 0.1 percentage points, with strong performance in both United States and Europe segments 6
Strategic pivot 2024-08-07
Launched refreshed Growing Together strategy with six strategic priorities; Albert Heijn ceased tobacco sales with 2.1 percentage point negative impact on comparable sales 6
Divestiture 2024-08-07
Stop & Shop announced closure of 32 underperforming stores by year-end 2024, with a non-recurring pre-tax charge of $160-210 million expected in Q3 and estimated net sales impact of $550-575 million in 2025 6
Segment divergence 2024-08-07
Europe revenue grew +104.2% to EUR 17,250.0 million in 2024-Q2 (77% of group revenue) while group revenue changed +1.2%. 6

“In February, Delhaize finalized agreements to franchise all of the 128 own-operated stores. To date, 76 stores have already transitioned to their new owners and we expect that all conversions will have taken place by the end of the year. From the stores already transitioned, we are seeing promising results, with customer frequency and basket size trending upwards.”

Frans Muller, President and Chief Executive Officer 8
earnings 2024-05-08
Free cash flow rose to €376 million from €21 million in Q1 2023, driven by working capital improvements 8
Revenue accelerating 2024-05-08
Group net sales +1.3% at constant exchange rates; comparable sales excluding gasoline +1.6%, with European gains partially offsetting modest U.S. softness 8
Guidance confirmed 2024-05-08
Full-year 2024 guidance reiterated: underlying operating margin ≥4.0%, underlying EPS around 2023 levels, free cash flow around €2.3 billion 8
2023 · 12 events

“Disciplined cost management is more important than ever to mitigate cost increases for customers, especially as global conflicts create potential volatility in supply chains. In 2023, we left no stone unturned and significantly exceeded our original Save for Our Customers goals, generating over €1.25 billion in cost savings, which is 29% more than we generated in the prior year.”

Frans Muller, President and Chief Executive Officer 3
Revenue decelerating 2024-02-14
Q4 comparable sales ex-gas +1.8%, net sales +1.9% at constant exchange rates, continuing deceleration from prior quarters 3
Guidance confirmed 2024-02-14
Full year 2023 free cash flow of €2.4 billion achieved at higher end of raised guidance range of €2.2 to 2.4 billion 3
Divestiture 2024-02-14
FreshDirect divestment to Getir completed December 6, 2023, resulting in €250 million pre-tax loss and €75 million net tax benefit 3

“As a result, customers continue to place their trust in our brands, which is clearly reflected in positive market share growth. With our strong portfolio of international brands, we grew comparable store sales by 3.1% in the third quarter. At a Group level, we delivered an underlying operating margin of 3.8% and diluted underlying EPS of €0.58. While both these metrics are lower year-over-year, around two thirds of the EPS decline is linked to insurance-related adjustments and an unfavorable foreign exchange rate.”

Frans Muller, President and Chief Executive Officer 1
Margin compressing 2023-11-08
Q3 underlying operating margin 3.8%, down from 4.4%, mainly reflecting U.S. margin decline from higher operating costs; federal SNAP benefit reductions created approximately 4pp headwind to U.S. sales growth 1
Acquisition 2023-11-08
Announced planned acquisition of Romanian supermarket chain Profi at implied 7x EBITDA multiple on June 2023 LTM basis 1
Divestiture 2023-11-08
Announced agreement to sell FreshDirect to Getir with estimated pre-tax divestment loss of $275 to 325 million 1

“In Europe, excluding the impact of strikes in Belgium, comparable sales were up 7.6%. A key highlight of the quarter was a very strong performance in online retail.”

Frans Muller, President and Chief Executive Officer 2
revenue 2023-08-09
Q2 net sales +4.3% at constant exchange rates (slowing from Q1's 6.3%); comparable sales ex-gas +4.6% 2
Guidance raised 2023-08-09
Free cash flow guidance for 2023 raised to €2.0 to 2.2 billion range from approximately €2.0 billion 2
Strategic pivot 2023-08-09
Delhaize Belgium transformation to independently operated stores progressed; €108 million impairment charge recognized on store assets 2

“In Europe, excluding the impact of strikes in Belgium following the announcement by local management of their intention to transform its integrated supermarkets there into independently operated Delhaize stores, comparable sales were up 7.7%. Excluding the impacts of inflated energy costs and strikes, underlying operating margins modestly exceeded prior year levels.”

Frans Muller, President and Chief Executive Officer 4
Revenue accelerating ◦ 2023-05-10
Q1 group net sales +9.4% at actual exchange rates and +6.3% at constant rates; comparable sales ex-gas +6.2% 4
Margin compressing 2023-05-10
Underlying operating margin 4.0%, down 0.2pp, with strong U.S. performance offset by European margin declines and reduced insurance gains 4
Strategic pivot 2023-05-10
Delhaize Belgium announced intention to transform integrated supermarkets into independently operated stores 4

Ahold Delhaize Business Model

The Ahold Delhaize business model in brief: products, customers and revenue sources as the company itself describes them in its reports. NadirAlpha methodology

Koninklijke Ahold Delhaize N.V. is a multinational food retail and wholesale company operating supermarkets, convenience formats, and e-commerce platforms across the United States and Europe. In the U.S., the company runs banners including Food Lion, Stop & Shop, Giant Food, and Hannaford, while European operations are anchored by Albert Heijn in the Netherlands and Belgium, Delhaize in Belgium and Serbia, and the e-commerce platform bol.com. Revenue is generated primarily through the sale of food and non-food consumer goods via physical stores and online channels, with own-brand products comprising over 40% of the product mix at Group level. Supplementary income streams include wholesale and distribution activities in the U.S., and the bol.com platform generates marketplace revenue alongside its direct retail operations, with bol Payment Services B.V. holding a payment provider license to extend the platform into regulated financial services. The 2026 Delfood acquisition further broadens the group's European retail footprint, and a strategic option for a Burlington, North Carolina distribution center reflects intended expansion of U.S. supply chain capacity.

Ahold Delhaize Stock: Share-Price Drivers

Factors Ahold Delhaize itself names as material for its business development, reproduced neutrally, without price forecast and without assessment of our own. NadirAlpha methodology

Ahold Delhaize's mix of U.S. and European grocery banners, carried by store remodeling, price investment and omnichannel expansion rather than top-line growth
Ahold Delhaize posted broadly stable revenue of 23,165 million in 2026-Q2 against 23,092 million a year earlier, with group sales essentially flat and full-year guidance confirmed, so earnings depend on remodeling, pricing and digital initiatives rather than volume gains 147.
Stop & Shop accelerated store remodeling and price investment program in the United States
Ahold Delhaize is rolling out the accelerated remodeling and price investment program to all Stop & Shop stores, a self-help turnaround effort whose traction is not yet reflected in a clear sales inflection 18.
M&A-led expansion in Europe
Ahold Delhaize completed the Profi chain acquisition in Romania and Delhaize's acquisition of Delfood NV, adding store networks and sourcing scale in European markets 20 19.
Bol digital and e-commerce platform in the Netherlands and Belgium
Ahold Delhaize is scaling Bol with the AI-enabled Spot & Shop feature, the Shopper Agent launch and a payment provider license for bol Payment Services, signs the online marketplace is gaining traction 14 18 19.
Retail media and in-store intelligence platforms
Ahold Delhaize rolled out the PRISM platform to Hannaford and Food Lion and is scaling the Edge retail media platform to U.S. brands, broadening higher-margin media and data revenue 16 15.
Capital returns through share buybacks
Ahold Delhaize completed a one billion euro share buyback program and announced an additional one billion euro program expected to complete by end of 2025, supporting per-share metrics while diluted EPS held at 0.60 20 12.
U.S. network and distribution build-out
Ahold Delhaize is adding capacity through the Food Lion 92-store launch in the Greensboro market, the Burlington, North Carolina distribution center and a Blackstone Credit & Insurance triple-net-lease investment in an automated grocery distribution center 21 19.

Sector trend: Grocery retail demand is holding steady with group revenue broadly flat at 23,165 million and operating income around 866 million, pointing to broadly stable margins rather than expansion 147. The sector's growth is tilting toward price investment, omnichannel and retail-media monetization rather than volume, so utilisation of digital and remodeled-store capacity is the key lever 18 16.

Ahold Delhaize Revenue by Type (as of 2026-Q2 · EUR million · 3/4)

The segments of Ahold Delhaize in the company's own definition, each row with its basis (3, 6 or 12 months), rows in grey are no longer reported separately. NadirAlpha methodology

Ahold Delhaize: revenue by segment, as of 2026-Q2, in EUR million. Compiled by NadirAlpha from IR documents.
SegmentSinceRevenueGrowthMarginSource
Period 2026-Q2 (6M?)
The United States2023-Q11,05383%–19
Europe2023-Q1910169%–19
Period 2026-Q2 (6M)
Ahold Delhaize Group2026-Q2155%–19
Period FY2024 (12M)
United StatesFY202454,1980.7%4.4%12

Ahold Delhaize Products & announcements (25/49 active+recent)

Product announcements of Ahold Delhaize from the reports: market launches, approvals, partnerships, with first mention and source; discontinued products are shown in grey. NadirAlpha methodology

Status: PlannedLaunchedDiscontinued

Ahold Delhaize: product announcements from the filings, 49 entries. Compiled by NadirAlpha from IR documents.
Product/LineSinceStatusSource
2026
Stop & Shop accelerated store remodeling program and price investment rollout to all stores2026-1218
€800 million dual-tranche EUR bond issuance2026-0318
Bol Shopper Agent launch2026-0318
Eight new Delhaize Belgium supermarkets2026-0116
bol Payment Services B.V. payment provider license202619
Food Lion 92-store launch in Greensboro market202621
Edge retail media platform scaling to U.S. brands202616
2025
Bol AI-enabled Spot & Shop feature launch2025-1214
PRISM platform rollout2025-0916
PRISM rollout at Food Lion2025-0615
Delhaize distribution center expansion in Vorst2025-0615
Rollout of Delhaize Belgium new e-commerce distribution center202521
Opening of new 53 million euro distribution center in Vorst, Belgium202521
Migration of Food Lion to PRISM platform (completion expected 2025)202512
Launch of Steijn AI-powered assistant in Albert Heijn customer app202521
Launch of PRISM proprietary omnichannel platform across U.S. brands202521
Launch of 1,100 new own-brand products in the U.S. and 1,450 in Europe202521
Introduction of MaxiGPT AI digital assistant at Maxi Serbia202521
Introduction of Edge retail media platform202521
Burlington, North Carolina distribution center (4x)202519
Albert Heijn plant-based product range launch202521
Albert Heijn personal assistant Steijn launch202516
Albert Heijn Positive Produce for People and Planet (PPPP) program launched for sustainable produce supply chain engagement202521
2024
Albert Heijn tobacco sales cessation (2x)2024-01 (2024-03)12
2023
Hannaford To Go Expansion (2x)202315
2024
The GIANT Company new store opening in Philadelphia2024-127
Technology Committee formation2024-1112
Plainville, Connecticut facility2024-065
Growing Together strategy2024-0512
Self-identification data collection in annual Associate Engagement Survey for EU&I brands202412
Psychological safety transformation program with Contentment Foundation202411
Psychological safety training program launch202412
Life Events Framework menopause support policy (4x)202411
Launch of Tech Studio AD/01 in Bucharest202412
Global Safety Policy (2x)202412
Establishment of W23 Global innovation fund with four other retailers202412
Belgium Future Plan store conversions from integrated to affiliated format202412
2023
Jolanda Poots-Bijl appointed as CFO and Management Board member2023-102
Green Bond issuance2023-034
Stop & Shop Allston Yards development project20235
Second mechanized HSC in Zwolle, Netherlands (3x)20235
MAXI Serbia Online Warehouse20235
Gen AI Labs at Albert Heijn20235
Frozen facility in Mountville, Pennsylvania20235
Food Lion Charlotte omnichannel remodels20235
Albert Heijn Home Shop Center (3x)20236
Ahold Delhaize USA DC Chester New York and automated freezer Mountville Pennsylvania20235
Ahold Delhaize Euro Ecommercial Paper issuance20235
AH Terra Plant-Based Product Line20235

Ahold Delhaize Transactions & Events (29)

29 transactions and events of Ahold Delhaize from the original reports, financing measures and management changes are not listed here, cancelled items in grey. NadirAlpha methodology

Acquisitions · 14Partnerships/contracts · 10Divestitures/exits · 5
202420252026

Acquisitions by Ahold Delhaize

Ahold Delhaize: Acquisitions, 14 entries. Compiled by NadirAlpha from IR documents.
Transaction / stakeDateTypeSource
2026
Blackstone Credit & Insurance investment in automated grocery DC2026-01Completed21
Blackstone Credit & Insurance Distribution Center Investment2026-01Completed20
2025
Sustainability-Linked Bond issuance (2x)2025-03Completed20
Acquisition of Profi (Romanian omnichannel brand)2025-01Completed12
Eight renewable energy PPAs for U.S. East Coast solar projects2025Completed17
2024
Delfood Acquisition (4x)2024-12Completed21
Alfa Beta acquisition of six stores in Greece2024-09Completed9
Belgium Future Plan franchising (2x)2024-03Completed12
Profi Rom Food SRL acquisition (2x)2024Completed17
2023
bol.com acquires remaining shares in Cycloon2023-07Completed2
Profi acquisition (6x)2023Completed20
Jan Linders Albert Heijn conversion (4×)2023Completed5
Delhaize Belgium store transformation (5×)2023Completed1
Acquisition of Profi (Romanian supermarket chain)2023Completed5

Divestitures and exits by Ahold Delhaize

Ahold Delhaize: Divestitures / exits, 5 entries. Compiled by NadirAlpha from IR documents.
Transaction / stakeDateTypeSource
2026
Americold storage and handling contract termination2026-07Divested19
2025
Closure of six e-commerce fulfillment centers in U.S.2025-12Divested14
2024
Jersey City fulfillment center closure2024-03Divested2
Stop & Shop Store Closures (2×)2024Divested12
2023
FreshDirect divestment (5×)2023Divested1

Partnerships and contracts of Ahold Delhaize

Ahold Delhaize: Partnerships & contracts, 10 entries. Compiled by NadirAlpha from IR documents.
Transaction / stakeDateTypeSource
2025
Virtual Power Purchase Agreement signed in Europe2025-12Agreement14
Wind farms in Finland via virtual PPA (3x)2025Agreement17
Virtual PPA for two new-to-be-built onshore wind farms in Finland, projected to generate 472 GWh renewable energy annually2025Agreement21
Global FoodBanking Network Sponsorship (2x)2025Agreement6
Collaboration between Ahold Delhaize USA, Danone North America and The Nature Conservancy on dairy supply chain decarbonization pilot2025Agreement21
2024
Albert Heijn new business customer partnerships2024-03Agreement8
Virtual PPA with BRUC for five solar power plants in Spain (3x)2024Agreement10
Launch of DoorDash partnership in U.S.2024Agreement12
Eight agreements signed for solar projects on U.S. East Coast (Maine to Maryland/DC) with total projected generation of 600 GWh electricity renewable annually2024Agreement21
2023
Joining European retail alliance EURELEC2023Agreement5

Ahold Delhaize Risks (107 since the annual report of 2026-02-25, 304 tracked in total)

Which risks Ahold Delhaize has named since the annual report, company-specific first, generic standard risks in the expandable part; first mention refers to the document base from 2023. NadirAlpha methodology

Category: RegulatoryESGFinancialGeopoliticsCustomersMacroLegalTechnologyCompetitionSupply chainMarketPeopleproduktdata

Ahold Delhaize: risk factors as reported, 107 since the last annual report, 304 tracked. Compiled by NadirAlpha from IR documents.
RiskCategoryLast reported
Ahold Delhaize: first mention in IR-Quarter quarterly report of 2026-08-05 (2026-Q2), source 19
Inflation Reduction Act expected to impact approximately USD 450 million in U.S. pharmacy sales=
Nature and climate-related challenges continuing to present risks to business=
Impact of financial debt and credit rating downgrades=
Wars and geopolitical conflicts affecting operations=
Egg price deflation and reduced SNAP benefits negatively impacting U.S. consumer demand=
High inflation levels impacting consumer spending patterns=
Households remain value-conscious amid uncertain macroeconomic environment=
Unexpected outcomes in legal proceedings=
Antitrust and similar legislation compliance requirements=
Ahold Delhaize: first mention in IR-Annual annual report of 2026-02-25 (FY2025), source 21
Serbia governmental decree on grocery industry pricing negatively impacting regional performance2026-Q2
2026-08-05 19
Ahold Delhaize: first mention in IR-Quarter quarterly report of 2025-05-07 (2025-Q1), source 13
Armed conflict in Middle East increasing transportation costs and margin pressures2026-Q2
2026-08-05 19
Ahold Delhaize: first mention in IR-Quarter quarterly report of 2024-08-07 (2024-Q2), source 6
Ransomware and cybersecurity breaches of IT systems2026-Q2
2026-08-05 19
Competition and pressure on profit margins in food retail2026-Q2
2026-08-05 19
Ahold Delhaize: first mention in IR-Annual annual report of 2024-02-27 (FY2023), source 5
Geopolitical developments could exacerbate operational and supply chain risks contributing to inflation2026-Q2
2026-08-05 19
Ahold Delhaize: first mention in IR-Quarter quarterly report of 2023-05-10 (2023-Q1), source 4
Raw material scarcity and supply chain disruptions2026-Q2
2026-08-05 19
Cyber threats continuing to present risks to business operations2026-Q2
2026-08-05 19
Ahold Delhaize: first mention in FY2024, source 10
National Prescription Opiate Litigation (MDL No. 2804) ongoing with mediation process; Company believes in strong factual and legal defenses2026-Q2
2026-08-05 19
Ahold Delhaize: first mention in IR-Quarter quarterly report of 2026-05-06 (2026-Q1), source 18
Inflation Reduction Act impact on U.S. pharmacy pricing with approximately $450 million negative impact on reported sales.=
Eligibility changes to SNAP program reducing benefits available to lower-income customers in the U.S.=
Governmental decree and intervention on grocery industry pricing in Serbia impacting operating margin.=
New law on unfair trade practices adopted in April in Serbia requiring assessment of impact.=
Global macroeconomic conditions and increased uncertainty affecting consumer spending and price pressures.=
Challenging and competitive retail environment with consumer focus on price and value.=
Ahold Delhaize: first mention in IR-Annual annual report of 2026-03-05 (FY2025), source 17
Indigenous Peoples, smallholder farmers and Human Rights Defenders face community impact risks=
Harassment and violence reported against vulnerable groups in supply chain operations=
Unhealthy, unsafe working conditions and inadequate working time identified as salient impacts across supply chains=
Supply chain disruption risk from climate change in cocoa production=
Future CapEx costs for climate transition technologies subject to high uncertainty=
Compliance with applicable laws and regulations in all jurisdictions of operation=
Complex and resource-intensive refrigeration system replacement affecting U.S. operations=
Flood-related hazards pose greatest asset and revenue risk under climate scenarios=
Anti-corruption and bribery compliance requirements across all operating countries=
Potential physical climate impacts may result in material financial losses=
Dependence on technologies and infrastructure not yet fully proven or widely deployed=
Ahold Delhaize: first mention in IR-Annual annual report of 2026-02-25 (FY2025), source 21
Intimidating tactics from some activist groups affect associate well-being and safety in daily work=
Working condition risks in high-risk countries including forced labor, child labor, inadequate wages, unsafe conditions; particularly affects migrant workers and agricultural workers.=
Aggressive forms of civil society stakeholder engagement can make it challenging to foster open dialogue and trust=
Contingent lease liabilities of €417 million from divestments and facility closings=
Mandatory transition to new Dutch pension system by January 1 2028=
Regulatory cessation of tobacco sales in Netherlands and Belgium created headwinds=
Transition to net-zero operations requires substantial capital investments in refrigeration system replacement, renewable energy PPAs, electrification of fleet and heating; costs more uncertain for 2030-2040 period.=
Credit risk exposure to financial institutions with highest exposure of €218 million to single counterparty=
Material debt maturities in 2026 (€900 million) and ongoing leverage management=
Underfunded multi-employer pension plans in US with increased contribution risks=
Further analysis needed to increase confidence in investment cost estimates and financial upside for scope 3 emissions reduction; costs subject to change as new technologies emerge.=
Increasing polarization in society created business environment tension=
Product recalls and associated legal liabilities and reputational damage mitigated through risk-based quality assurance systems and preventive safety measures.=
Limited availability of proven low-GWP refrigerants, natural refrigerants, and zero-emissions energy solutions constrains ability to achieve transition timelines.=
Supply chain finance arrangements with third-party banks totaling €1,396 million=
Supply chain disruptions and business continuity risks from geopolitical events and extreme weather=
Scope 3 emissions represent 96% of total GHG emissions; achieving scope 3 reduction targets requires supplier-driven actions largely outside direct control.=
Potential limitations in grid availability and reliability pose operational riskFY2025
2026-03-05 17
Growing debate on food processing and dietary quality is reshaping food demand and consumption patterns=
Tight labor markets and need to attract and retain talent amid competitive pressures=
Evolving climate regulations and GHG reduction targets require significant ongoing investment in clean and low-emissions technologies with uncertain cost and timeline.=
Some local authorities have resisted adopting Nutri-Score pending EU-wide legislation, preventing consumer-facing use=
Government policy changes were frequent and unpredictable throughout 2025=
Nutri-Score 2.0 algorithm made it harder for products to achieve A/B scores, negatively impacting healthy sales performance=
Multi-jurisdictional tax exposure to changes in tax laws and interpretations=
Ahold Delhaize: first mention in IR-Quarter quarterly report of 2026-02-11 (2025-Q4), source 14
Serbian government decree and intervention limiting grocery industry prices impacted operations=
Import tariffs and commodity price volatility elevated financial and operating risks=
Consumers continued focus on price and value in competitive grocery environment=
Sustained household pressure from higher living expenses and economic uncertainty=
Ahold Delhaize: first mention in FY2025, source 20
Giant Food goodwill impairment risk: recoverable amount exceeds carrying amount by slightly more than 1%; sensitivity to sales growth reduction of 0.2% absolute terms.=
Stop & Shop goodwill impairment risk: recoverable amount exceeds carrying amount by slightly more than 2%; sensitivity to sales growth reduction of 0.4% absolute terms.=
Profi recovered amount marginally exceeds carrying amount consistent with recent acquisition; valuation based on 10-year projection period reflecting expected high growth.=
77% of own-brand production sites in high-risk countries at acceptable standard; 17% at stepping-stone level=
774 incidents of discrimination and harassment reported in 2025; 659 complaints filed=
Customary indemnifications provided in divestment sales agreements; representations and warranties terminate years after transaction completion.=
Pingo Doce involved in Portuguese Competition Authority proceedings; received 10 statements of objections for alleged anti-competitive practices including price alignment; notified of decisions imposing €190 million fines; appeals filed.=
7 own-brand production units identified with deal-breaker issues; 3 unresolved as of reporting date=
Serbian brand operations impacted by government intervention on food prices=
Own-brand data gap identified in U.S. brands; improvement areas across bakery, deli, floral, meat, produce and seafood categories=
Data quality and completeness of ESG data varies by brand and country; verification remains cumbersome=
Supply chain risks from geopolitical tensions and food price inflation=
Financial market volatility and macroeconomic uncertainty affecting consumer confidenceFY2025
2026-02-25 21
Lease agreements contain limited restrictions on ability to pay dividends or incur additional debt.=
Not all EU Taxonomy-eligible investments meet alignment criteria; some vehicle investments do not comply with DNSH noise regulations=
Sustainability-linked bonds and credit facility linked to 2030 KPIs for GHG emissions reduction, food waste reduction, and customer health choices; coupon adjustment risk if targets not achieved.=
Ahold Delhaize: first mention in IR-Annual annual report of 2025-02-25 (FY2024), source 12
Child labor and young workers employed identified as vulnerability in global supply chainsFY2025
2026-03-05 17
Women, minorities, refugees, LGBTQIA+ members, persons with disabilities and Indigenous Peoples face discrimination risksFY2025
2026-03-05 17
Migrant, informal, sub-contracted or low-skilled workers face forced labor risks in global supply chainsFY2025
2026-03-05 17
Transition risks from carbon pricing and shifting consumer preferences toward sustainable productsFY2025
2026-02-25 21
Reduced consumer spending power in some CSE markets impacted salesFY2025
2026-02-25 21
Supply chain disruptions contributed to inflation volatility across product categoriesFY2025
2026-02-25 21
Intensified competition and geopolitical uncertainty increasing customer focus on price and valueFY2025
2026-02-25 21
Ahold Delhaize: first mention in IR-Quarter quarterly report of 2025-02-12 (2024-Q4), source 7
Withdrawal liability exposure from multi-employer pension plan participationFY2025
2026-02-25 21
Ahold Delhaize: first mention in IR-Quarter quarterly report of 2024-08-07 (2024-Q2), source 6
Households faced sustained pressure from higher living expenses and uncertain economic outlookFY2025
2026-02-25 21
Ahold Delhaize: first mention in IR-Annual annual report of 2024-02-27 (FY2023), source 5
A-brand product safety is responsibility of suppliers; own-brand product safety monitored through compliance standards and third-party audits to prevent unsafe or illegal products.FY2025
2026-02-25 21
National prescription opiate litigation pending in multiple jurisdictions affecting U.S. subsidiariesFY2025
2026-02-25 21
JMR joint venture involved in tax proceedings challenging Portuguese tax authorities decisions; issued bank guarantees totaling €227 million; Ahold Delhaize indirect share €111 million.FY2025
20
Data privacy regulations and protection of personal customer and associate dataFY2025
2026-03-05 17
Foreign exchange exposure primarily with respect to U.S. dollar from international operationsFY2025
2026-02-25 21
Liquidity management through cash balances and revolving credit facility accessFY2025
2026-02-25 21
Consumers' household budgets are under pressure, with people seeking stability and guidanceFY2025
2026-02-25 21
Physical climate risks including floods and heatwaves impacting assets and operationsFY2025
2026-02-25 21
Physical risks from climate change impacts on assets and operationsFY2025
20
Consumer purchasing shifts toward lower-impact products could impact financial positionFY2025
2026-03-05 17
Ongoing geopolitical uncertainty including war in Ukraine, regulatory changes in Serbia, and shifting tariffs in USFY2025
2026-02-25 21
Potential implementation of carbon pricing systems could impact operational costsFY2025
2026-03-05 17
Evolving regulatory environment including food safety, data privacy and sustainability requirementsFY2025
2026-02-25 21
Ahold Delhaize: first mention in IR-Quarter quarterly report of 2024-02-14 (2023-Q4), source 3
Interest rate exposure on outstanding debt and investment positions; 89% of long-term bonds at fixed ratesFY2025
2026-02-25 21
Ahold Delhaize: first mention in IR-Quarter quarterly report of 2023-11-08 (2023-Q3), source 1
Dependence on customer purchasing decisions and ability to maintain price competitivenessFY2025
2026-02-25 21
Ahold Delhaize: first mention in IR-Quarter quarterly report of 2023-08-09 (2023-Q2), source 2
Potential disruption of operations affecting suppliers and ability to pass cost increases to prices.2026-Q1
2026-05-06 18
Ahold Delhaize: first mention in IR-Quarter quarterly report of 2023-05-10 (2023-Q1), source 4
Fluctuation in interest rates and impact on cost of borrowing from credit rating downgrades.2026-Q1
2026-05-06 18
Ahold Delhaize: first mention in FY2024, source 11
Inadequate wages for workers identified as material impact in value chain, particularly affecting smallholder farmersFY2025
2026-03-05 17
Ahold Delhaize: first mention in FY2024, source 10
Pingo Doce (JMR) involved in Portuguese Competition Authority proceedings regarding alleged breaches of antitrust laws; fines of €190 million imposed; appeals filed with suspensive effect pendingFY2025
2026-02-25 21
= last mention identical with the first mention (same source)

Ahold Delhaize Reported KPIs (as disclosed) (692)

The story KPIs of Ahold Delhaize that standard databases usually miss, grouped by publication, most recent first, with source number. NadirAlpha methodology

Company-specific KPIs verbatim from the filings (English, as disclosed; not normalised). Balance-sheet and boilerplate items filtered.
Ahold Delhaize: reported KPIs as disclosed, 692 entries. Compiled by NadirAlpha from IR documents.
KPIValue / changeSource
Ahold Delhaize, published 2026-08-05, period 2026-Q2
Underlying operating margin3.9%19
Own brand food penetration40%19
Online sales growth constant rates8.6%19
Net consumer online sales Ahold Delhaize3,48919
Comparable sales growth excl. gasoline United States0.8%19
Comparable sales growth excl. gasoline Europe1.7%19
Comparable sales growth excl. gasoline Ahold Delhaize1.2%19
Ahold Delhaize, published 2026-05-06, period 2026-Q1
Underlying operating margin (The United States)4.6%18
Underlying operating margin (Europe)3.4%18
Underlying operating margin (Ahold Delhaize)4.0%18
Underlying EBITDA margin8.0%18
Comparable sales growth excl. gasoline (The United States)1.5%18
Comparable sales growth excl. gasoline (Europe)2.6%18
Comparable sales growth excl. gasoline (Ahold Delhaize)2.0%18
Ahold Delhaize, published 2026-03-05, period FY2025
speak up reports substantiated34%17
speak up reports anonymous55.1%17
speak up line reports4,48317
plant-based protein share of sales45%17
own brand production sites high-risk countries audited stepping stone standard17%17
own brand production sites high-risk countries audited acceptable standard excl. stepping stone77%17
own brand production sites high-risk countries audited acceptable standard94%17
own brand food production sites compliance requirements99%17
leader lab satisfaction score4.44 out of 517
leader lab participants completion rate95%17
high-risk non-food own brand products compliance requirements99%17
healthy own brand food sales pct constant rates52.1%17
healthy own brand food sales pct52.0%17
associate engagement survey growth score75%17
Albert Heijn welcoming store satisfaction rate98.5%17
Albert Heijn welcoming store participants10,00017
Albert Heijn PPPP participants submitted data71%17
Ahold Delhaize, published 2026-02-25, period FY2025
supply chain finance arrangements1,396 (EUR € million)21
speak up reports substantiated34%21
speak up reports anonymously55.1%21
speak up line reports4,48321
revolving credit facility1.5 billion21
plant-based protein sales share45%21
loan guarantees20 (EUR € million)21
lease guarantees417 (€ million)21
healthy own-brand food sales pct constant exchange rates52.1%21
healthy own brand food sales pct52.0%21
Corporate and buyback guarantees103 (€ million)21
cash and cash equivalents3,115 (EUR € million)21
Underlying operating margin4.0%21
Underlying operating income3,873 (EUR € million)21
Total other non-current financial assets1,190 (EUR € million)21
Total net defined benefit plan funded status112 (€ million)21
Total net defined benefit cost71 (EUR € million)21
Termination benefits8 (€ million)21
Service cost47 (EUR € million)21
Restricted cash58 (EUR € million)21
Reinsurance contract liabilities139 (€ million)21
Reinsurance contract assets152 (EUR € million)21
Reduction in absolute CO2-equivalent emissions (scope 1 and 2)2,440 kt21
Payout ratio47%21
Own-brand food sales39.1%21
Other long-term financial liabilities51 (€ million)21
Number of stores9,55121
Net investment in leases588 (EUR € million)21
Net interest expense8 (EUR € million)21
Market capitalization30,659 (EUR € million)21
MSCI indexAA21
Lowest closing common share price31.2921
Highest closing common share price38.0121
Dividend yield3.6%21
Derivative financial instruments136 (€ million)21
Defined contribution plans292 (€ million)21
Defined benefit liabilities183 (€ million)21
Defined benefit assets70 (EUR € million)21
Components of defined benefit cost recorded in the income statement69 (EUR € million)21
Common shares outstanding88721
Cash and cash equivalents as presented on the balance sheet3,605 (EUR € million)21
Cash and cash equivalents as presented in the statement of cash flows3,547 (EUR € million)21
Average daily trading volume2,059,65521
Associate engagement MSCI index79%21
Administrative cost8 (EUR € million)21
Actual return on plan assets8.8%21
AES inclusion index82%21
Ahold Delhaize, published 2026-02-11, period 2025-Q4
Virgin own-brand primary plastic packaging reduction10.9%14
Underlying operating margin4.2%14
Third-party online sales full year3,12514
Third-party online sales full year2,88814
Third-party online sales91614
Third-party online sales82914
Shares outstanding90514
Shares outstanding93314
Shares outstanding89314
Shares outstanding92014
Shares outstanding90114
Shares outstanding93014
Shares outstanding88914
Shares outstanding91714
Save for Our Customers program targetOver €1.25 billion14
Other online sales full year3,34514
Other online sales full year3,08514
Other online sales1,03314
Other online sales98414
Online sales growth12.9%14
Online sales full year10,27414
Online sales full year9,23514
Online sales2,83214
Online sales2,59714
Net consumer online sales full year7,14914
Net consumer online sales full year6,34714
Net consumer online sales1,91614
Net consumer online sales1,76814
Lease liabilities10,52614
Healthy own-brand food sales52.1%14
Grocery online sales full year6,92914
Grocery online sales full year6,15014
Grocery online sales1,79914
Grocery online sales1,61214
GHG emissions reduction39.1%14
Food waste reduction39.1%14
Comparable sales growth excl. gasoline2.5%14
Albert Heijn market share38.2%14
Ahold Delhaize, published 2025-11-05, period 2025-Q3
Underlying operating margin US4.6%16
Underlying operating margin Europe3.9%16
Underlying operating margin Ahold Delhaize4.1%16
Online sales growth Q312.2%16
Net consumer online sales YTD9,65116
Net consumer online sales Q33,14016
Comparable sales growth excl. gasoline US2.9%16
Comparable sales growth excl. gasoline Europe2.8%16
Comparable sales growth excl. gasoline Ahold Delhaize2.9%16
Ahold Delhaize, published 2025-08-06, period 2025-Q2
Underlying operating margin4.0%15
Online sales2,48515
Net consumer online sales3,24515
Comparable sales growth excl. gasoline4.0%15
Ahold Delhaize, published 2025-05-07, period 2025-Q1
Underlying operating margin3.8 %13
Underlying EBITDA margin7.8 %13
Operating margin3.8 %13
Online sales growth15.4 %13
Net consumer online sales growth14.0 %13
Comparable sales growth excluding gasoline3.3 %13
Ahold Delhaize, published 2025-02-25, period FY2024
Workplace absenteeism rate1.8112
Training and development associates growth score75%12
Total virgin plastic packaging weight144 thousand tonnes12
Total equity15,454 (EUR € million)12
Total associates388,00012
Total assets51,842 (EUR € million)12
Short-term borrowings and bank overdrafts2,25612
Shares diluted91412
Serious injury rate0.3912
Reinsurance contract assets18212
Recycled waste percentage74%12
Payout ratio46%12
Own Brand Wood Fiber Certified91.6%12
Own Brand Tea Certified99.5%12
Own Brand Primary Plastic Packaging Reusable/Recyclable/Compostable33%12
Own Brand Primary Plastic Packaging Reduction10.3%12
Own Brand Primary Plastic Packaging Recycled Content15.7%12
Own Brand Coffee Certified97.4%12
Own Brand Cocoa Certified96.5%12
Underlying Operating Margin4.0%12
Online Sales9,235 (EUR € million)12
Online Sales8,931 (EUR € million)12
Non-Recycled Waste %26%12
Net Investment in Leases57612
Managers Attended Monthly Leadership Masterclassesaround 20012
Lease Liabilities12,25312
Investment Property Fair Value€826 million12
High-Risk Soy Certified100%12
Dividend per Share1.1712
Certified Palm Oil96.4%12
Carrying Amount Intangible Assets13,42012
Cage-Free Shell Eggs47%12
brand names3,37412
associates covered by collective labor agreements57%12
Underlying operating income margin4.0%12
Underlying EBITDA margin7.9%12
U.S. online grocery penetration7.7%12
Total sales area9.7 million square meters12
Save for Our Customers program€1,354 million12
Save for Our Customers as a percentage of sales1.5%12
Reduction in food waste35%12
Reduction in absolute CO2-equivalent emissions (scope 1 and 2)36%12
Percentage of shell eggs that are cage free47%12
Percentage of purchase value of own-brand seafood products certified96.7%12
Percentage of own-brand wood-fiber-based products either certified or classified as low-risk or recycled91.6%12
Percentage of own-brand products containing tea certified against an accepted standard99.5%12
Percentage of own-brand products containing palm oil certified against an accepted standard96.4%12
Percentage of own-brand products containing palm kernel oil certified against an accepted standard95.8%12
Percentage of own-brand products containing over 5% cocoa certified against an accepted standard96.5%12
Percentage of own-brand products containing over 1% coffee by weight certified against an accepted standard97.4%12
Percentage of high-risk soy credits purchased after year end to ensure 100% coverage of high-risk soy34.4%12
Percentage of high-risk own-brand soy certified or covered by credits100%12
Percentage of high-risk own-brand soy certified against accepted standards or covered by accepted credits65.6%12
Own-brand primary virgin plastic product packaging144 (thousand tonnes)12
Own-brand primary plastic product packaging170 (thousand tonnes)12
Own-brand plastic product packaging made from recycled content27 (thousand tonnes)12
Own-brand food sales from healthy products52.4%12
Operating expenses as a percentage of sales24.0%12
Operating expenses21,45312
Online sales growth3.5%12
Number of stores7,76512
Number of pick-up points1,91112
MSCI index ratingAA12
Loyalty sales penetration (U.S.)79.5%12
Loyalty sales penetration (Europe)59.2%12
Loyalty card holders (U.S.)15.5 million12
Loyalty card holders (Europe)13.3 million12
Gross profit margin26.6%12
Europe online grocery penetration6.6%12
Effective tax rate21.7%12
Dividend per common share€1.1712
Dividend payout ratio46%12
Comparable sales growth (excluding gasoline sales)1.2%12
Click-and-collect points in the U.S.1,63012
Associate engagement78%12
AES inclusion score81%12
% reduction in own-brand primary virgin plastic packaging vs. 2021 baseline10.3%12
% own-brand primary plastic packaging reusable, recyclable or compostable32.7%12
% own-brand plastic packaging from recycled content15.7%12
Ahold Delhaize, published 2025-02-12, period 2024-Q4
Underlying operating margin Q44.1 %7
Underlying operating margin FY4.0 %7
Underlying EBITDA margin Q47.9 %7
Underlying EBITDA margin FY7.9 %7
Online sales growth Q45.8 %7
Online sales growth FY3.5 %7
Net consumer online sales Q43,426 (EUR € million)7
Net consumer online sales FY12,123 (EUR € million)7
Comparable sales growth excl. gasoline Q41.4 %7
Comparable sales growth excl. gasoline FY1.2 %7
Gross debt20,315 (EUR € million)7
Depreciation and amortization883 (€ million)7
Ahold Delhaize, published 2024-11-06, period 2024-Q3
Underlying operating margin US4.2%9
Underlying operating margin Group3.9%9
Underlying operating margin Europe3.9%9
Online sales growth Group5.1%9
Net consumer online sales2,8799
Comparable sales excl. gasoline US1.2%9
Comparable sales excl. gasoline Group1.4%9
Comparable sales excl. gasoline Europe1.6%9
Ahold Delhaize, published 2024-08-07, period 2024-Q2
Underlying operating margin (United States)4.7%6
Underlying operating margin (Group)4.2%6
Underlying operating margin (Europe)3.7%6
Underlying EBITDA margin (Group)8.1%6
Online sales growth at constant exchange rates (Group)3.4%6
Net consumer online sales (Group)2,9526
Comparable sales growth excl. gasoline (United States)(0.4)%6
Comparable sales growth excl. gasoline (Group)0.6%6
Comparable sales growth excl. gasoline (Europe)2.4%6
Ahold Delhaize, published 2024-05-08, period 2024-Q1
Underlying operating margin4.0%8
Underlying EBITDA margin7.9%8
Operating margin3.7%8
Net consumer online sales growth(1.0)%8
Comparable sales growth excl. gasoline (United States)0.8%8
Comparable sales growth excl. gasoline (Group)1.6%8
Comparable sales growth excl. gasoline (Europe)2.8%8
Ahold Delhaize, published 2024-02-27, period FY2023
Virgin plastic reduction target5%5
Virgin plastic reduction10.3%5
US dollar depreciation against euro2.8%5
US click-and-collect pick-up points1,5645
Unsold food donated %25%5
Unsold food donated76 thousand tonnes5
Underlying operating margin4.1%5
Underlying operating income margin4.1%5
Underlying EBITDA margin8.0%5
Total unsold food302 thousand tonnes5
Total sales area9.9 million square meters5
Total rental income1625
Total cash outflow for leases(1,891)5
Total cash Capex as % of net sales2.7%5
Suppliers committed to SBi>50 of top 1005
Stores offering self-scanning solutions2,9065
Scope 3 reduction potential lower boundary8.85
Scope 3 flag reduction target72% (or 15.0 MtCO2e)5
Scope 3 flag reduction target30.3% (or 4.7 MtCO2e)5
Scope 3 energy industrial reduction target90% (or 34.0 MtCO2e)5
Scope 3 energy industrial reduction target42.0% (or 12.4 MtCO2e)5
Scope 3 emissions reduction 2020 baseline29.5 MtCO2e (E&I), 15.5 MtCO2e (FLAG)5
Scope 1 and 2 CO2 emissions reduction35%5
Scope 1+2 net zero target90% reduction and 10% removals5
Scope 1+2 emissions reduction target50%5
Scope 1+2 emissions reduction target>38%5
SBTi approved Scope 1+2 target50% reduction by 20305
Save for our customers savings€1.3bn5
Reusable recyclable compostable target100%5
Reusable recyclable compostable plastic28%5
Renewable electricity percentage40%5
Renewable electricity percentage24%5
Recycled content target25%5
Purchase commitments3.2 billion5
Primary virgin plastic reduction in own brand packaging10.3%5
Pick-up points1,8335
Own brand plastic packaging169 thousand tonnes5
Own brand food waste reduction37%5
Own brand food sales from healthy products54.8%5
Organic growth net sales excl. gasoline4.1%5
organic growth net sales3.8%5
online net sales growth5.9%5
number of stores7,7165
net zero target date20505
net sales from markets with number 1 or 2 position96%5
net sales€89 billion5
net debt to EBITDA2.0x5
Net consumer online sales growth4.8%5
monthly active mobile app users18.1 mln5
loan guarantees65
liquidity position2,733 (€ million)5
lease guarantees6265
investment commitments property plant equipment4125
interest income on net investment in leases135
inclusive workplace score81%5
green bond issuance€500 million5
free cash flow€2.4 billion5
food wasted225 thousand tonnes5
food waste reduction target50%5
food waste reduction target>40%5
food waste reduction3.17 t/€ million5
Food waste disposed percentage17%5
Food recycled percentage57%5
European own brand everyday low price SKUs6,9725
Electricity prices US€168/Mwh5
Electricity prices Netherlands Belgium€98/Mwh5
Electricity from green sources52%5
Dividend per Share1.105
Dividend per common share€1.105
Dividend payout ratio43%5
Corporate and buyback guarantees355
Comparable sales growth excluding gasoline3.9%5
Comparable sales growth3.9%5
CO2 equivalent emissions reduction2,679 kt5
Bol GMV sales from third-party sellers growth5.4%5
Bol GMV growth4.9%5
Bol GMV€5.75 billion5
Average increase of monthly active users year over year18%5
associate growth score75%5
Associate engagement score78%5
Pay ratio CFO35
Pay ratio CEO Ahold Delhaize USA715
Pay ratio CEO Ahold Delhaize Europe and Indonesia585
Pay ratio CEO1125
Online sales9,0155
Inclusive workplace score81%5
Healthy own-brand food sales54.8%5
Food waste reduction37%5
Associate growth score75%5
Associate engagement score78%5
Ahold Delhaize, published 2024-02-14, period 2023-Q4
Underlying operating margin US5.2%3
Underlying operating margin Group4.3%3
Underlying operating margin Europe3.7%3
Net consumer online sales growth2.6%3
Full year underlying operating margin US4.7%3
Full year underlying operating margin group4.1%3
Full year underlying operating margin Europe3.3%3
Full year comparable sales growth excl. gasoline US2.3%3
Full year comparable sales growth excl. gasoline group3.9%3
Full year comparable sales growth excl. gasoline Europe6.5%3
Comparable sales growth excl. gasoline US-1.0%3
Comparable sales growth excl. gasoline group1.8%3
Comparable sales growth excl. gasoline Europe6.5%3
Other online sales7.4 %3
Online sales in grocery(2.2) %3
Online sales1.2 %3
Comparable sales (ex gas, weather and calendar)2.1 %3
Comparable sales (ex gas)1.8 %3
Comparable sales1.7 %3
Ahold Delhaize, published 2023-11-08, period 2023-Q3
Underlying operating margin US4.2%1
Underlying operating margin Group3.8%1
Underlying operating margin Europe3.5%1
Online sales growth6.4%1
Online grocery growth5.3%1
Net consumer online sales growth6.4%1
Comparable sales growth excl. gasoline US0.9%1
Comparable sales growth excl. gasoline group3.1%1
Comparable sales growth excl. gasoline Europe7.0%1
bol third-party sales pct62%1
Bol GMV growth6.5%1
Bol GMV€1.3 billion1
Ahold Delhaize, published 2023-08-09, period 2023-Q2
Underlying operating margin4.1 %2
Underlying EBITDA margin8.0 %2
Third-party sellers share of bol.com sales66 %2
Third-party sellers GMV growth at bol.com13.3 %2
Net consumer online sales growth9.3 %2
GMV growth at bol.com10.5 %2
GMV at bol.com€1.4 billion2
Comparable sales growth excl. gasoline4.6 %2
Albert Heijn premium subscribers800,0002
Ahold Delhaize, published 2023-05-10, period 2023-Q1
Underlying operating margin4.0%4
Underlying EBITDA margin8.0%4
Comparable sales growth excluding gasoline6.2%4
Ahold Delhaize, published –, period FY2025
workplace injury rate17.71 (per one million hours worked)20
work in progress13920
weighted average duration of defined benefit obligations - United States10.920
weighted average duration of defined benefit obligations - Rest of world8.220
underlying operating income3,60820
Underlying operating income3,73420
Transaction costs settled(4)20
Transaction costs settled–20
Total right-of-use assets9,48820
Total purchase consideration(28)20
Total purchase consideration(1,239)20
Total plan assets1,10420
Total plan assets1,16220
Total other non-current financial liabilities10,73320
Total other current financial liabilities4,61020
Total other current financial liabilities3,58220
Total investments in joint ventures and associates25920
Total investment property50820
Total interest income15920
Total interest income22120
Total interest expense2520
Total interest expense2420
Total financial liabilities excluding lease liabilities fair value(15,827)20
Total financial liabilities excluding lease liabilities fair value(16,997)20
Total financial liabilities excluding lease liabilities(15,926)20
Total financial liabilities excluding lease liabilities(17,159)20
Total financial liabilities at amortized cost fair value(15,572)20
Total financial liabilities at amortized cost fair value(16,688)20
Total financial liabilities at amortized cost(15,671)20
Total financial liabilities at amortized cost(16,850)20
Total financial liabilities(27,900)20
Total financial liabilities(29,412)20
Total financial assets at fair value through profit or loss96820
Total financial assets at fair value through profit or loss1,01020
Total financial assets at fair value through other comprehensive income13620
Total financial assets at fair value through other comprehensive income1720
Total financial assets at amortized cost6,65620
Total financial assets at amortized cost9,01920
Total financial assets at amortized cost (restated)9,00320
Total financial assets7,76020
Total financial assets10,04620
Total financial assets (restated)10,03020
Total energy consumption7,376,50220
Supply chain finance arrangements total1,28620
Supply chain finance arrangements total1,39620
Super Indo carrying value7620
Software1,11620
Short-term deposits and similar investments1420
Short-term deposits and similar investments1620
Short-term borrowings fair value(926)20
Short-term borrowings fair value(2,256)20
Short-term borrowings carrying amount(926)20
Short-term borrowings carrying amount(2,256)20
Short-term borrowings29520
Short-term borrowings33620
Right-of-use assets - other28020
Right-of-use assets - buildings and land9,20820
Revolving credit facility1,50020
Result on divestment of subsidiaries and businesses(237)20
Result on divestment of subsidiaries and businesses(6)20
Restricted cash1220
Restricted cash5820
Renewable energy consumption1,921,01820
Reinsurance contract liabilities fair value(243)20
Reinsurance contract liabilities fair value(286)20
Reinsurance contract liabilities carrying amount(243)20
Reinsurance contract liabilities carrying amount(286)20
Reinsurance contract liabilities13920
Reinsurance contract assets28520
Reinsurance contract assets33420
Reassessments and modifications to leases89920
Reassessments and modifications to leases1,18420
Real estate1420
Real estate1320
Purchase consideration in kind220
Purchase consideration in kind120
Property, plant and equipment - total11,95320
Property, plant and equipment - other4,17020
Property, plant and equipment - buildings and land7,48320
Production sites of own-brand products in high-risk countries audited against an acceptable standard (%)77%20
Long-term bonds at fixed rates (%)8920
Long-term bonds at fixed rates (%)8920
Healthy own-brand food sales (%)52.0%20
Associates covered by collective bargaining - Total (%)57%20
Payroll taxes, social security and VAT64720
Payroll taxes, social security and VAT69420
Other long-term financial liabilities fair value(103)20
Other long-term financial liabilities fair value(157)20
Other long-term financial liabilities carrying amount(103)20
Other long-term financial liabilities carrying amount(156)20
Other long-term financial liabilities5120
Other loans fair value(1)20
Other loans carrying amount(1)20
Other joint ventures and associates carrying value2720
Other fair value(37)20
Other fair value(26)20
Other carrying amount(37)20
Other carrying amount(26)20
Other9520
Other120
Number of work-related accidents7,61120
Notes fair value(5,365)20
Notes fair value(5,578)20
Notes carrying amount(5,392)20
Notes carrying amount(5,652)20
Net assets (liabilities) divested4620
Net assets (liabilities) divested5020
Loss on foreign exchange1220
Loss on foreign exchange520
Long-term lease liabilities(11,974)20
Long-term lease liabilities(12,253)20
Loans63020
Loans - current portion92620
Lease liabilities1,44420
Lease liabilities - current portion1,44820
Lease liabilities10,52620
JMR carrying value15620
Investments in debt instruments9220
Investments in debt instruments720
Investment property - right-of-use asset19820
Investment property - company-owned33220
Investment funds19520
Investment funds16420
Interest payable carrying amount(92)20
Interest payable carrying amount(83)20
Highest exposure to a single financial counterparty (excl. AAA-rated money market funds)26220
Highest exposure to a single financial counterparty (excl. AAA-rated money market funds)21820
Gift card sales for the year83520
Gift card redemptions for the year79820
Gift card liabilities as of December 2928620
Gift card liabilities as of December 2828120
Gift card liabilities28620
Gift card liabilities28120
Gift card breakage for the year2820
Future salary increases4.320
Future salary increases – United States (%)4.320
Future salary increases3.820
Future salary increases – Rest of world (%)3.820
Funds posted as collateral2420
Funds posted as collateral1220
Franchisee and affiliate relationships48720
Financing obligations fair value(38)20
Financing obligations fair value(65)20
Financing obligations carrying amount(109)20
Financing obligations carrying amount(153)20
Expected total contributions to multi-employer defined benefit plans2120
Equity instruments1620
Equity instruments1220
Equity instruments15920
Equity instruments15320
Equity instruments1020
Equity instruments1020
Equity instruments1720
Equity instruments1820
Equity instruments1820
Equity instruments1520
Equity instruments3320
Equity instruments4420
Energy intensity per net revenue80 (EUR MWh/€ million net sales)20
Divestment of businesses, net of cash divested2120
Divestment of businesses, net of cash divested(52)20
Divestment of businesses before cash divested2120
Divestment of businesses before cash divested(49)20
Discount rate5.720
Discount rate – The United States (%)5.520
Discount rate3.420
Discount rate - Rest of world (%)3.820
Derivatives fair value(12)20
Derivatives fair value(23)20
Derivatives carrying amount(12)20
Derivatives carrying amount(23)20
Derivative financial instruments13620
Derivative financial instruments1720
Deposit liabilities1820
Deposit liabilities3120
Defined benefit liabilities18320
Deferred income13220
Deferred income14920
Debt instruments9720
Debt instruments10220
Debt instruments6920
Debt instruments8820
Debt instruments - Corporate bonds (non-investment grade)1620
Debt instruments - Corporate bonds (non-investment grade)2220
Debt instruments27320
Debt instruments29120
Customer relationships4320
Compensated absences47220
Compensated absences46820
Company's liquidity position – cash3,11520
Company contributions to multi-employer defined contribution plans29220
Company contributions to multi-employer defined contribution plans31320
Company contributions to defined contribution plans37820
Company contributions to defined contribution plans16020
Company contributions to Dutch plan21320
Cash outflows from divestment of subsidiaries and businesses(70)20
Cash inflows from divestment of subsidiaries and businesses2120
Cash inflows from divestment of subsidiaries and businesses2120
Cash equivalents (fair value through profit or loss)59120
Cash equivalents (fair value through profit or loss)67020
Cash divested(3)20
Cash and cash equivalents financial assets3,01420
Cash and cash equivalents financial assets5,49920
Cash and cash equivalents as presented on the balance sheet6,16920
Cash and cash equivalents as presented on the balance sheet3,60520
Cash and cash equivalents as presented in the statement of cash flows6,15720
Cash and cash equivalents as presented in the statement of cash flows3,54720
Cash and cash equivalents4820
Cash and cash equivalents17820
Cash acquired (excluding restricted cash)4120
Brand names3,35320
Bank overdrafts1,96220
Bank overdrafts59020
Assets acquired under leases43120
Assets acquired under leases44320
Announced share buyback program1,00020
Amount under supply chain finance arrangements paid by third-party banks1,22420
Amount under supply chain finance arrangements paid by third-party banks1,10020
Amount due within one year (and termination benefits contracts)2020
Amount due within one year (Severance and self-insurance program)28820
Amount due within one year (Other)3220
Amount due within one year (Onerous contracts)8320
Amount due within one year (Claims and legal disputes)8320
Amount due between six and 10 years (Total)51620
Amount due between six and 10 years (Severance and self-insurance program)43420
Amount due 6-10 years (Claims and legal disputes)8220
Amount due 1-5 years (Termination benefits contracts)120
Amount due 1-5 years (Severance and self-insurance)43620
Amount due 1-5 years (Other)2320
Amount due 1-5 years (Onerous contracts)20320
Amount due 1-5 years (Claims and legal disputes)620
Amount due after 5 years (Severance and self-insurance)24020
Amount due after 5 years (Onerous contracts)120
Ahold Delhaize USA pension plan funding ratio year-end112.720
Acquisition of businesses, net of cash acquired(26)20
Acquisition of businesses, net of cash acquired(1,197)20
Accrued expenses1,99720
Accrued expenses1,96020
Accounts payable carrying amount(9,009)20
Accounts payable carrying amount(8,524)20
Ahold Delhaize, published –, period FY2024
Workplace absenteeism rate1.8111
Women sub top management (SVP)36.5%11
Women in management42%11
Women executive level (VP)37%11
Women director level37%11
Virgin plastic reduction10.3%11
Total associates388,00011
Serious injury rate0.3911
Renewable electricity share25.1%11
Own-brand production sites in high-risk countries audited - stepping stone standard17%11
Own-brand production sites in high-risk countries audited - acceptable standard77%11
Own Brand Primary Plastic Packaging Reusable/Recyclable/Compostable33%11
Own Brand Primary Plastic Packaging Recycled Content15.7%11
Nuclear energy share9.1%11
Fossil energy share65.7%11
Certified wood fiber91.6%11
Certified tea99.5%11
Certified Palm Oil96.4%11
Certified high-risk soy100%11
Certified coffee97.4%11
Certified cocoa96.5%11
Cage-Free Shell Eggs47%11
associates covered by collective labor agreements57%11
associate growth score75%11
Weighted average number of common shares for diluted earnings per share93310
Weighted average number of common shares for basic earnings per share93010
Virtual power purchase agreements–%11
Supply chain finance arrangements – amounts paid by third-party banks1,10010
Supply chain finance arrangements – amounts due1,28610
Supplier contracts18.1%11
Spot purchases2.8%11
Restricted cash€12 million10
Renewable electricity purchased24.7%11
Refrigerant leakage rate13.1%11
Refrigerant average GWP2,34111
Purchase commitments3.8 billion10
Power purchase agreements1.3%11
Percentage of shell eggs that are cage free47%11
Percentage of purchase value of own-brand seafood products certified96.7%11
Percentage of own-brand wood-fiber-based products certified, low-risk or recycled91.6%11
Percentage of own-brand products containing tea certified99.5%11
Percentage of own-brand products containing palm oil certified96.4%11
Percentage of own-brand products containing palm kernel oil certified95.8%11
Percentage of own-brand products containing coffee certified97.4%11
Percentage of own-brand products containing cocoa certified96.5%11
Percentage of high-risk soy credits purchased after year end34.4%11
Percentage of high-risk own-brand soy certified or covered by credits100%11
Percentage of high-risk own-brand soy certified against accepted standards or covered by accepted credits65.6%11
Own-brand primary virgin plastic product packaging144 (thousand tonnes)11
Own-brand primary plastic product packaging170 (thousand tonnes)11
Own-brand plastic product packaging made from recycled content27 (thousand tonnes)11
Online sales (prior year)8,93110
Online sales9,23510
Nuclear electricity purchased9.1%11
Long-term contracts2.6%11
Loan guarantees1710
Lease guarantees (undiscounted)49910
Lease guarantees (discounted)37910
Investment commitments for property, plant and equipment45410
Interest income recognized in22110
Interest expense recognized in 2024 related to variable rates2410
Fair value of investment property€826 million10
Corporate guarantees for Belgium9110
Corporate and buyback guarantees10910
Buyback guarantees1810
AES inclusion score81%11
% reduction in own-brand primary virgin plastic product packaging10.3%11
% primary plastic own-brand product packaging reusable, recyclable or compostable32.7%11
% own-brand plastic packaging from recycled content15.7%11

Ahold Delhaize Development

A condensed summary of Ahold Delhaize per reporting period as running text: what changed operationally, which drivers management names, how earnings and cash flow developed. NadirAlpha methodology

FY2026: Ahold Delhaize

Ahold Delhaize generated net sales of EUR 22,275 million in the first quarter and EUR 23,165 million in the second quarter of 2026, with growth of 2.0% and 1.9% at constant exchange rates in each period respectively 18 19. Ahold Delhaize's underlying operating margins were 4.0% in Q1 and 3.9% in Q2 at constant exchange rates, with the Q2 result reflecting higher energy costs and price investments despite own-brand penetration surpassing 40% at Group level 18 19. Ahold Delhaize completed the Delfood acquisition on February 2, 2026, adding over 300 convenience stores to the Europe segment with an expected net sales contribution of more than EUR 200 million 19. Online sales continued to expand across both quarters, with U.S. online sales delivering double-digit growth for the eighth and ninth consecutive quarters in Q1 and Q2 respectively 18 19. Management reconfirmed full-year 2026 guidance for an underlying operating margin of around 4%, free cash flow of at least EUR 2.3 billion, and mid- to high-single-digit diluted underlying EPS growth 19.

FY2025: Ahold Delhaize

Ahold Delhaize reported net sales of 92,352 million for full-year 2025, up 3.4% from the prior year, driven by comparable sales growth in both regions and the contribution of the Profi acquisition completed on January 3, 2025 20. Operating income increased to 3,542 million and net income rose 28.3% to 2,264 million, with diluted earnings per share of 2.50 20 21. The Profi acquisition, completed for total consideration of €1,239 million, added approximately €2.9 billion in annual net sales and more than doubled the company's retail footprint in Romania, combining the Mega Image and Profi networks into approximately 2,700 stores 21. Online sales grew 13.3% at constant exchange rates to €10,274 million over the full year, with e-commerce profitability reached on a fully allocated basis in the first half of 2025 21. Operating cash flow increased to 6,989 million and a €1 billion share buyback program was completed during the year, with a new €1 billion program initiated on December 29, 2025 21.

FY2024: Ahold Delhaize

Ahold Delhaize reported full-year 2024 net sales of €89,356 million, up 0.7% (0.9% at constant exchange rates), with comparable sales excluding gasoline growing 1.2% versus 2023 12. Reported operating income declined to €2,784 million from €2,846 million in 2023 and net income fell 5.9% to €1,764 million, while underlying operating income remained broadly stable and underlying diluted EPS from continuing operations held at €2.54 10 12. Free cash flow of €2,545 million exceeded the full-year guidance of approximately €2.3 billion 12. Structurally, the Delhaize Belgium Future Plan was completed with all 128 integrated stores converted to affiliated format, Stop & Shop closed 32 underperforming locations as part of a revitalization effort, and the refreshed Growing Together strategy was introduced in the second quarter 12. The acquisition of Romanian grocery retailer Profi closed on January 3, 2025, expected to add approximately €3 billion in net sales to the Europe segment 7.

FY2023: Ahold Delhaize

Ahold Delhaize's FY 2023 net sales grew 1.9% to €88,649 million, driven by comparable sales growth and inflation, partially offset by lower gasoline sales and unfavorable foreign exchange translation effects 5. The underlying operating margin declined 0.2 percentage points to 4.1%, reflecting higher operational and administrative expenses from inflation and labor disruptions at Delhaize Belgium 5. Net income decreased 26.4% to €1,874 million, reflecting impairment charges on FreshDirect assets and store assets related to the Delhaize Belgium transformation, as well as restructuring charges 5. Free cash flow of €2.4 billion was achieved at the higher end of the raised guidance range of €2.2 to 2.4 billion, supported by favorable operating cash flow and improved working capital management 3. During the year, Ahold Delhaize advanced the Delhaize Belgium transformation with 89 stores signed for conversion to an affiliate model, completed the divestiture of FreshDirect to Getir, and announced the planned acquisition of Romanian grocery retailer Profi for approximately €1.3 billion enterprise value 3 5.

Glossary

  • Revenue: Revenue from contracts with customers, net of sales deductions, as the company itself reports it; not total output, gross revenue, GMV or order intake.
  • Op. income: The operating line of the income statement; EBIT only as a marked fallback, never pre-tax or ordinary income.
  • EBITDA (adj.): Adjusted EBITDA, verbatim and company-defined (non-GAAP), never derived.
  • Net income: Net income attributable to the shareholders of the parent, after discontinued operations; not the result including minority interests, not comprehensive income.
  • EPS: Diluted earnings per share attributable to the shareholders of the parent; a printed figure always beats a calculated one, calculated values are marked.
  • FCF: Free cash flow = operating cash flow minus capital expenditure on property, plant and equipment; the company's own free cash flow figure is shown separately.
  • OCF: Cash flow from operating activities as reported; IFRS companies may show interest paid in financing cash flow, so the figure is not always comparable.
  • Cash: Cash and cash equivalents, without securities unless the company reports them as part of the position.
  • Net Debt: Net debt = financial debt excluding lease liabilities minus cash at the same reporting date; the company's own net position may differ.
  • *: derived, the formula is in the hover
  • ≈: calculated, approximation
  • ~: uncertain; the value stays visible, verdicts do not use it
  • °: repaired by a targeted query against the document, or curated with documentary evidence
  • EBIT: EBIT as a fallback: the income statement carries no operating line
  • basic: basic earnings per share as a fallback when diluted is missing

Sources: quarterly reports, annual reports and investor relations documents

All original documents NadirAlpha used for this report on Ahold Delhaize stock: quarterly and annual reports, earnings releases and investor relations documents, sorted by publication, the document type is the link. NadirAlpha methodology

21 documents · 2023 to 2026 · IR
Sources for Ahold Delhaize stock: 21 original documents, 2023 to 2026. Compiled by NadirAlpha.
#Document typePublished
#10IR-Annual annual report–
#11IR-Annual annual report–
#20IR-Annual annual report–
#4 / #108IR-Quarter quarterly report2023-05-10
#2 / #106IR-Quarter quarterly report2023-08-09
#1 / #101IR-Quarter quarterly report2023-11-08
#3 / #107IR-Quarter quarterly report2024-02-14
#5 / #112IR-Annual annual report2024-02-27
#8 / #123IR-Quarter quarterly report2024-05-08
#6 / #118IR-Quarter quarterly report2024-08-07
#9 / #124IR-Quarter quarterly report2024-11-06
#7 / #121IR-Quarter quarterly report2025-02-12
#12 / #130IR-Annual annual report2025-02-25
#13 / #133IR-Quarter quarterly report2025-05-07
#15 / #137IR-Quarter quarterly report2025-08-06
#16 / #139IR-Quarter quarterly report2025-11-05
#14 / #135IR-Quarter quarterly report2026-02-11
#21 / #149IR-Annual annual report2026-02-25
#17IR-Annual annual report2026-03-05
#18 / #146IR-Quarter quarterly report2026-05-06
#19 / #147IR-Quarter quarterly report2026-08-05

Ahold Delhaize Stock FAQ

Is there a management forecast (guidance) for FY2026?

Yes. Management has issued targets for FY2026, including EPS (GAAP). The guidance tracking chapter shows all targets and checks them against the actuals reported later; neutral, with no estimate of our own.

Which additional key figures does Ahold Delhaize report?

As reported for Q2 2026: Underlying operating margin, Own brand food penetration, Online sales growth constant rates, Net consumer online sales Ahold Delhaize, Comparable sales growth excl. gasoline United States, Comparable sales growth excl. gasoline Europe. The chapter Reported KPIs lists every value with its source. Revenue is broken down by Ahold Delhaize Group, The United States, Europe, United States.

Does Ahold Delhaize pay a dividend?

The filings report on the dividend; most recent entry: dividend per share 1.17 (FY2024) (as reported, no assessment of our own). Details with source links are in the report chapters.

Where can I find the official investor relations documents of Ahold Delhaize?

NadirAlpha links all 21 original filings used (IR documents) in the sources chapter: quarterly report, annual report, each with type, publication date and a direct link; every figure in the report carries a source number.

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