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Delhaize Group (DEG)

  • Mon, May 11, 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
  • Mon, May 11, 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.
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  • Wed, Apr. 29, 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)
    | Comment!
  • Thu, Mar. 5, 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%.
    | Comment!
  • Thu, Mar. 5, 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
    | Comment!
  • Mon, Jan. 26, 10:17 AM
    • Delhaize (DEG +6.2%) reports sales in the U.S. rose 12% to $4.7B on a solid performance from the Food Lion and Hannaford chains.
    • A 3.6% comp in the U.S. helped to offset Delhaize's negative comps in Belgium and Southeastern Europe.
    • The company's U.S. results were boosted by an additional week for the reporting period compared to a year ago.
    | Comment!
  • Mar. 31, 2014, 7:11 AM
    • JPMorgan upgrades Delhaize Group (DEG) to an Overweight rating from Neutral.
    • DEG +2.4% premarket
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  • Mar. 13, 2014, 9:17 AM
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  • Feb. 18, 2014, 9:27 AM
    • Delhaize Group (DEG) is upgraded by Morgan Stanley to an Overweight rating from Equal Weight.
    • DEG +5.7% premarket
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  • Jan. 23, 2014, 9:12 AM
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  • Jan. 23, 2014, 7:37 AM
    • Shares of Delhaize (DEG) light up in early trading after the company provided a business update.
    • The supermarket operator reported operating profit for 2013 of $1.04B to beat the consensus mark of analysts.
    • Sales in the U.S. rose 2.8% during Q4 to $4.29B.
    • DEG +8.6% premarket
    | Comment!
  • Dec. 5, 2013, 1:35 PM
    • A disappointing pace of sales growth from Kroger (KR -1.9%) has fouled the mood on the grocery store sector a bit.
    • The company didn't raise its outlook for FY13 EPS as analysts had expected. A miss by the typically-steady Kroger has analysts resetting expectations for the group.
    • Decliners: Safeway (SWY) -3.3%, Delhaize Group (DEG) -1.2%, Ingles Markets (IMKTA) -2.4%, Sprouts Farmers Market (SFM) -1.4%, Whole Foods Market (WFM) -0.9%.
  • Oct. 23, 2013, 9:57 AM
    • The intensified focus on the untapped potential at Safeway (SWY +8.4%) is helping to lift some other grocery store stocks on a day in which market averages are down.
    • Advancers: SuperValu (SVU) +0.7%, Kroger (KR) +0.9%, Roundy's (RNDY) +1.4%, Delhaize Group (DEG) +1.8%.
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  • Sep. 4, 2013, 12:46 PM
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  • Apr. 22, 2013, 8:56 AM
    Preliminary Q1 results from Delhaize Group (DEG) send the shares up 9% premarket. The Belgian food retailer says revenues for Q1 rose 2.1% and U.S. comps growth came in at 1.9%. Operating margins and EBITDA rose 0.4% Y/Y and 7.1% Y/Y respectively. The company sees operating profits of $1.01B for the full year.
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  • Jan. 10, 2013, 9:45 AM
    Select grocery store operators get a lift after Supervalu's deal with Cerberus raises the profile on the sector. SWY +1.2%, KR +1.2%, DEG +3.1%.
    | Comment!
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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