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Ahold 2Q U.S. ID Sales Disappointing, Shrs May Fall, Exane Says
2014-08-21 06:45:01.875 GMT
By Heather Burke
Aug. 21 (Bloomberg) -- Ahold’s 2Q sales, Ebit are a bit
disappointing, Exane says, shrs may fall (outperform).
* Sales ~1% below ests with U.S. sales weaker than
anticipated, Underlying Ebit generally in line, free cash
generation a bit weak
* Co. needs to show more evidence that sales traction
improving with its initiatives
* U.S. ID sales disappointing vs more inflation, sales should
start to improve in 3Q if co.’s initiatives credible
* Netherlands soft, generally in line
* Earlier: Ahold Sees U.S. Becoming More Competitive; Open to
Acquisitions
* Earlier: Ahold Profit Misses Estimates as Market Share in
U.S. Decreased
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Heather Burke in London at +44-20-7673-2044 or
hburke2@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
James Cone
2014-08-21 06:45:01.875 GMT
By Heather Burke
Aug. 21 (Bloomberg) -- Ahold’s 2Q sales, Ebit are a bit
disappointing, Exane says, shrs may fall (outperform).
* Sales ~1% below ests with U.S. sales weaker than
anticipated, Underlying Ebit generally in line, free cash
generation a bit weak
* Co. needs to show more evidence that sales traction
improving with its initiatives
* U.S. ID sales disappointing vs more inflation, sales should
start to improve in 3Q if co.’s initiatives credible
* Netherlands soft, generally in line
* Earlier: Ahold Sees U.S. Becoming More Competitive; Open to
Acquisitions
* Earlier: Ahold Profit Misses Estimates as Market Share in
U.S. Decreased
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Heather Burke in London at +44-20-7673-2044 or
hburke2@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
James Cone