Ahold Delhaize stock gains as online sales remain resilient
Published on 11/10/2026 at 17:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSResilient Quarter, Lower Outlook
- Third-quarter online sales growth remained strong across the group, led by the United States.
- Management lowered its full-year earnings-growth and free-cash-flow outlook after the October cybersecurity incident.
- A EUR 1 billion share buyback is scheduled to start at the beginning of 2027.
Ahold Delhaize reported resilient third-quarter results on November 4, but the October cybersecurity incident is weighing on its full-year outlook. The company also highlighted continued online momentum and confirmed a EUR 1 billion share buyback planned for 2027.
Ahold Delhaize stock traded at 35.20 euros on Xetra at 5:19 p.m. CET on Tuesday, November 10, 2.77 percent above the Xetra close of Monday, November 9. The quote was recorded after the Xetra session had closed.
Online Growth Supports Operations
In the third quarter, group net sales rose 1.9 percent at constant exchange rates to EUR 23.1 billion. Online sales increased 8.2 percent at constant exchange rates, with U.S. online sales rising 14.2 percent. The company said the U.S. performance marked a tenth consecutive quarter of double-digit online growth.
Underlying operating margin was 4.1 percent, while IFRS operating income reached EUR 976 million. A pension settlement in the U.S. contributed to the difference between IFRS and underlying results, making the adjusted margin the more relevant measure for assessing underlying operations.
Cyber Incident Cuts 2026 Ambition
The October incident affected online capabilities in the Benelux and the United States, as well as Benelux supply-chain operations. In its November 4 results release, Ahold Delhaize estimated a EUR 200 million to EUR 250 million reduction in fourth-quarter sales and a EUR 75 million to EUR 100 million reduction in underlying and IFRS operating income.
Management now expects diluted underlying earnings per share to grow at a low-single-digit rate at constant exchange rates, compared with its previous mid- to high-single-digit expectation. Full-year free cash flow is expected at EUR 2.1 billion, down from the earlier target of at least EUR 2.3 billion.
Capital Returns Remain In Focus
The company said its strategic priorities remain unchanged and confirmed a EUR 1 billion annual share buyback program for 2027. It also expects to increase its 2026 dividend per share at a mid-single-digit rate, subject to the company’s capital allocation policy and operating outlook.
Ahold Delhaize stock overview
- Company: Koninklijke Ahold Delhaize N.V.
- ISIN: NL0011794037
- Xetra ticker: AHOG.DE
- Xetra price: 35.20 euros on Tuesday, November 10, 2026, at 5:19 p.m. CET
- Change versus Monday, November 9 Xetra close: 2.77 percent
- Third-quarter sales: EUR 23.1 billion
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