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Koninklijke Ahold Delhaize profit misses consensus by 25.6% in fiscal Q2

Koninklijke Ahold Delhaize NV said its normalized net income for the fiscal second quarter ended July 12 came to 19 euro cents per share, compared with the S&P Capital IQ consensus estimate of 26 cents per share.

EPS increased 18.5% year over year from 16 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €152.5 million, a gain of 16.2% from €131.3 million in the prior-year period.

The normalized profit margin declined to 1.8% from 1.8% in the year-earlier period.

Total revenue increased 17.1% year over year to €8.69 billion from €7.42 billion, and total operating expenses climbed 17.1% on an annual basis to €8.39 billion from €7.16 billion.

Reported net income increased 23.4% on an annual basis to €195.0 million, or 24 cents per share, from €158.0 million, or 19 cents per share.