Belgian supermarket operator Delhaize reported a drop in third-quarter net profit before minorities, down from EUR90.6m a year ago to EUR47.4m (US$60.65m).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The profit reported is well below analysts’ forecasts, despite sales rising from EUR4.682bn to EUR4.812bn in the period under review.


Operating profit edged up to EUR229.4m from EUR224.2m. The company restated its full-year guidance for net profit from continuing operations to rise 8-12%, operating profit to increase 4.6%, sales to climb 4.5-5.5%, and US comparable store sales to grow 2.5-3.0%.


The company also said it was selling off its Czech operation Delvita, saying there were “several interested buyers” but declining to name them. The sale of Delvita was welcomed by analysts who said they expected the market to react favourably.


 

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now