Investing.com - Ahold Delhaize reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ahold Delhaize announced earnings per share of €0.59 on revenue of €21.45B. Analysts polled by Investing.com anticipated EPS of €0.5417 on revenue of €20.93B.
Ahold Delhaize shares are down 6% from the beginning of the year and are trading at €28.30 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 9.95% from the start of the year.
Ahold Delhaize shares gained 7.95% in intra-day trade the report.
Ahold Delhaize follows other major Consumer Staples sector earnings this month
Ahold Delhaize's report follows an earnings matched by Unilever on Tuesday, July 26, 2022, who reported EPS of €1.3 on revenue of €15.8B, compared to forecasts EPS of €1.3 on revenue of €15.43B.
Heineken had beat expectations on Monday, August 1, 2022 with second quarter EPS of €2.3 on revenue of €7.68B, compared to forecast for EPS of €1.89 on revenue of €7.68B.
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