Bernstein Expects 'Tough' Q2 for Ahold Delhaize; EPS Estimates Updated
() -- Bernstein anticipates a "tough" second quarter for Koninklijke Ahold Delhaize (AD.AS), citing headwinds in its US and European businesses. "We expect +0.7% [like-for-like sales] and 4.2% margins (-10bps YoY) in the US. In Europe, we expect 1.2% LFLs and 3.6% margins (-10bps YoY)," analysts said, noting they are b