Delhaize Group
 (DEG)

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  • Fri, Jan. 22, 9:35 AM
    • Delhaize (NYSE:DEG) reports comparable-store sales rose 2.3% in the U.S. during Q4.
    • Total sales in the U.S. were up 2.6% to $4.4B.
    • The company saw comps rise 5.1% in Belgium and 7.8% in Southeastern Europe during the quarter.
    • Delhaize is on track to merge with Ahold (OTCQX:AHONY) by mid-2016.
    | Fri, Jan. 22, 9:35 AM
  • Nov. 11, 2015, 10:27 AM
    • Ahold (OTCQX:AHONY) and Delhaize (DEG +3.2%) both trade higher with the merger of the two grocery companies still on track to occur in the middle of 2016.
    • Management of Ahold confirmed the merger status along with Q3 earnings which came in ahead of consensus estimates. Results in the Netherlands and the U.S. were solid.
    • Ahold Q3 results and presentation (.pdf)
    | Nov. 11, 2015, 10:27 AM
  • Oct. 29, 2015, 5:58 AM
    • Delhaize (NYSE:DEG): Q3 EPS of €1.14.
    • Revenue of €6.14B (+14.6% Y/Y).
    | Oct. 29, 2015, 5:58 AM
  • Jul. 30, 2015, 3:34 AM
    • Delhaize (NYSE:DEG): Q2 EPS of €1.02
    • Total revenue of €6.12B up 18.1%,
    • U.S. revenue up 3.2% to €4.03B, 2.5% comparable sales growth.
    • Press Relase
    | Jul. 30, 2015, 3:34 AM
  • Jun. 24, 2015, 9:13 AM
    | Jun. 24, 2015, 9:13 AM
  • Jun. 24, 2015, 3:00 AM
    • Dutch food retailer Royal Ahold (OTCQX:AHONY) and Belgium's Delhaize (NYSE:DEG) have agreed to merge, creating one of the largest supermarket operators in the U.S.
    • Ahold operates the Stop & Shop and Giant chains, as well as online grocery store Peapod, while Delhaize operates the Food Lion and Hannaford banners.
    • Under the new deal, Delhaize shareholders will receive 4.75 Ahold shares for each share held. Ahold investors will own 61% of the €26.1B combined company and Delhaize shareholders will own the rest.
    • Previously: Delhaize and Ahold rally as merger deal gets closer (Jun. 03 2015)
    | Jun. 24, 2015, 3:00 AM | 1 Comment
  • Jun. 3, 2015, 10:34 AM
    • Delhaize (DEG +5.6%) and Ahold (OTCQX:AHONY +4.1%) are working toward reaching a deal on a merger by the end of the month, according to Bloomberg.
    • A combination could lead to annual cost savings of €300M ($337.6M) to €700M ($787.8M), estimate inside sources.
    • Shares of both grocery chain stocks rose in European trading to be followed by similar action with the U.S. ADRs.
    • Previously: Ahold, Delhaize confirm merger talks (May. 12 2015)
    • Previously: Talk picks up over grocery chain consolidation (May. 14 2015)
    | Jun. 3, 2015, 10:34 AM
  • May 14, 2015, 9:47 PM
    • Consolidation in the grocery industry could pick up even more, observes Supermarket News.
    • A large merger between Albertsons and Safeway (NYSE:SWY) has been followed by talks between Delhaize (NYSE:DEG) and Ahold (OTCQX:AHONY).
    • The increased push by Wal-Mart and Target in the sector has added pressure to leverage store growth through M&A.
    • "There is mounting pressure in the supermarket industry to consolidate operations to drive better purchasing power and leverage distribution and technology platforms," notes Wolfe Research.
    • Kroger (NYSE:KR) is seen as a likely candidate to look for a chain to acquire.
    • Previously: Ahold, Delhaize confirm merger talks (May 12)
    • Grocery stocks: RNDY, SVU, VLGEA, WFM, CASY, IMKTA, OTCPK:PUSH, TFM, SFM, WMK.
    | May 14, 2015, 9:47 PM | 8 Comments
  • May 12, 2015, 3:19 AM
    • Dutch food retailer Royal Ahold (OTCQX:AHONY) and Belgium's Delhaize (NYSE:DEG) have confirmed they are in talks about a possible $25B merger that could also create one of the largest supermarket operators across the Atlantic.
    • Despite being based in Europe, both companies generate about 60% of their sales in the U.S.
    • Ahold operates the Stop & Shop and Giant chains, as well as online grocery store Peapod, while Delhaize operates the Food Lion and Hannaford banners.
    • Previously: Ahold, Delhaize surge on merger reports (May. 11 2015)
    | May 12, 2015, 3:19 AM
  • May 11, 2015, 10:52 AM
    • Delhaize (NYSE:DEG) is up 13.3% after reports on a merger with Ahold (OTCQX:AHONY +3.8%) drove up shares listed in Europe earlier today.
    • The talk of industry consolidation has some other U.S. grocery stocks ahead of market averages as well.
    • Grocery gainers: Kroger (NYSE:KR) +1.0%, Whole Foods Market (NASDAQ:WFM) +1.2%, Roundy's (NYSE:RNDY) +1.0%, Supervalu (NYSE:SVU) +1.0%, Fairway Group (NASDAQ:FWM) +0.9%, Ingles Markets (NASDAQ:IMKTA) +9.8% with earnings also a factor.
    • Previously: Ahold, Delhaize surge on merger reports
    | May 11, 2015, 10:52 AM | 3 Comments
  • May 11, 2015, 6:20 AM
    • Royal Ahold (OTCQX:AHONY) and Delhaize (NYSE:DEG) surged in early European trading after weekend reports that the Dutch and Belgian retailers are in talks to merge, a deal that would pool U.S. chains Stop & Shop and Food Lion.
    • Delhaize soared as much as 18%, valuing the company at €8.8B ($9.8B), while Ahold advanced as much as 10% for a valuation of €17B.
    • Talks between the companies are at a preliminary stage, Belgian newspapers De Tijd and L'Echo reported on Saturday.
    | May 11, 2015, 6:20 AM
  • Apr. 29, 2015, 2:24 PM
    • Delhaize (DEG -7.3%) trades lower after report negative comparable-store sales growth in Belgium and Southeast Europe.
    • The comp in the U.S. was positive at 2.5%.
    • Operating margin by region: U.S. 3.8%, Belgium 1.4%, Southeast Europe 2.3%.
    • The company is rolling out its Easy, Fresh & Affordable program at another 160 Food Lion stores this year.
    • Previously: Delhaize reports Q1 results
    • Delhaize earnings release (.pdf)
    | Apr. 29, 2015, 2:24 PM
  • Apr. 29, 2015, 6:06 AM
    • Delhaize (NYSE:DEG): Q1 EPS of €0.35
    • Revenue of €5.82B (+15.7% Y/Y)
    | Apr. 29, 2015, 6:06 AM
  • Mar. 5, 2015, 12:44 PM
    • Strong reports from Kroger and Delhaize are helping to provide a lift for the grocery store sector.
    • Earlier this week, privately-owned Publix reported comparable-store sales rose 6.4% in Q4.
    • Comps are on the rise and margin gains are being squeezed out by operators off of the sales leverage.
    • Solid gains for the day on strong volume are being seen up and down the group: Kroger (NYSE:KR+4.9%, Whole Foods Market (NASDAQ:WFM+1.6%, Supervalu (NYSE:SVU+1.5%, Delhaize (NYSE:DEG+3.7%, The Fresh Market (NASDAQ:TFM+1.2%, Ingles Markets (NASDAQ:IMKTA+2.3%, Fairway Group (NASDAQ:FWM+2.6%, Roundy's (NYSE:RNDY+14.9%.
    | Mar. 5, 2015, 12:44 PM
  • Mar. 5, 2015, 8:44 AM
    • Delhaize (NYSE:DEG) reports sales in the U.S. rose 12.1% to $4.67B on a positive real sales growth from the Food Lion and Hannaford chains.
    • The U.S. comp grew 3.6% during the quarter.
    • Sales in Belgium declined 6% and the comp in the region fell 6.9%
    • Sales in Southeastern Europe grew 4% while comp contracted 2.2%.
    • Total organic revenue +1.3%
    • Gross margin rate declined 24 bps to 23.9%.
    • Store count +66 Y/Y to 3,468.
    • DEG +3.66% premarket.
    • Q4 results
    | Mar. 5, 2015, 8:44 AM
  • Mar. 5, 2015, 7:16 AM
    • Delhaize (NYSE:DEG): Q4 EPS of -€0.54
    • Revenue of €5.79B (+11.4% Y/Y)
    | Mar. 5, 2015, 7:16 AM
Company Description
Delhaize Group SA is a food retailing company. Its primary store format consists of food supermarkets. Its store network also includes other store formats such as proximity stores, cash and carry and specialty stores.
Sector: Services
Industry: Grocery Stores
Country: Belgium