Koninklijke Ahold Delhaize N.V. (ADRND.PK,AHODF.PK), a food retail group, on Wednesday announced a new share repurchase program of 1 billion euros, which is to be started in the beginning of 2025.
In addition, the company has reaffirmed its annual guidance.
For the full year, the Group continues to expect underlying earnings per share to be at 2023 levels.
Annual underlying operating margin is still projected to be 4 percent or higher, in line with the company's historical profile.
Net capital expenditures are anticipated to be around 2.2 billion euros, lower than the prior year, mainly due to divestments of facilities in the U.S.
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