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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Ahold Delhaize N.V.    AD   NL0011794037

AHOLD DELHAIZE N.V.

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Real-time Estimate Quote. Real-time Estimate Tradegate - 10/27 11:41:26 am
24.045 EUR   -0.93%
03:01aAHOLD DELHAIZE N : share buyback update
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03:01aAHOLD DELHAIZE N : share buyback update
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03:00aAhold Delhaize share buyback update
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Beyond Meat to sell plant-based sausage patty in 5,000 more U.S. stores

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09/21/2020 | 02:29pm EDT
FILE PHOTO: Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California

Plant-based meat maker Beyond Meat Inc said on Monday it would start selling its frozen breakfast sausage patties at 5,000 more stores in the United States, including at Kroger, Walmart and Publix, by the end of September.

The California-based company, which derives about half of its global sales from restaurants, has had to reroute its products to retailers to keep sales humming during restaurant closures from coronavirus-led lockdowns.

"Following the initial release of our Beyond Breakfast Sausage Patties at retailers earlier this year, we heard an enthusiastic and overwhelmingly positive response from consumers who asked for increased availability," Chief Growth Officer Chuck Muth said in a statement.

The company, which also sells plant-based patties, launched the Beyond Breakfast Sausage patty, meant to taste like pork breakfast sausage patties, at select stores in March.

The addition of 5,000 more stores will result in doubling of distribution of the sausage patties, the company said.

Demand for plant-based meat alternatives has continued to surge during the pandemic, with Nielsen data showing that unit sales for fully cooked plant-based alternatives jumped 25% in the four weeks to Aug. 22. In the April-June period, sales of such products had surged 31.4%.

This has helped Beyond Meat's shares nearly double this year to $149, compared with a 1.9% drop for the broader S&P 500. Beyond Meat's stock was down 1.4% in afternoon trading in a broader market near seven-week lows.

While U.S. retail sales nearly tripled to about $90 million in the company's most recent quarter, a spike in costs due to the coronavirus and the sharp slump in sales at restaurants fueled a $10 million net loss.

(Reporting by Siddharth Cavale in Bengaluru; Editing by Shinjini Ganguli and Sriraj Kalluvila)


Stocks mentioned in the article
ChangeLast1st jan.
AHOLD DELHAIZE N.V. -1.11% 24 Delayed Quote.8.86%
BEYOND MEAT, INC. 0.47% 165.36 Delayed Quote.117.65%
DJ INDUSTRIAL -0.39% 27593.37 Delayed Quote.-2.99%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 0.17% 133.925 End-of-day quote.-8.12%
KROGER -1.01% 32.835 Delayed Quote.14.38%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.19% 104.175 End-of-day quote.-16.62%
NASDAQ 100 0.79% 11595.681496 Delayed Quote.31.74%
NASDAQ COMP. 0.69% 11438.011632 Delayed Quote.26.60%
S&P 500 -0.03% 3400.78 Delayed Quote.5.27%
WALMART INC. 0.52% 142.9219 Delayed Quote.19.62%
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Financials
Sales 2020 72 944 M 86 268 M 86 268 M
Net income 2020 2 118 M 2 505 M 2 505 M
Net Debt 2020 11 642 M 13 768 M 13 768 M
P/E ratio 2020 12,0x
Yield 2020 3,78%
Capitalization 25 572 M 30 219 M 30 242 M
EV / Sales 2020 0,51x
EV / Sales 2021 0,52x
Nbr of Employees 380 000
Free-Float 96,8%
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Technical analysis trends AHOLD DELHAIZE N.V.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 26,14 €
Last Close Price 24,27 €
Spread / Highest target 23,6%
Spread / Average Target 7,69%
Spread / Lowest Target -13,5%
EPS Revisions
Managers
NameTitle
Frans W. H. Muller President & Chief Executive Officer
Johannes Henricus Maria Hommen Chairman-Supervisory Board
Natalie M. Knight Chief Financial Officer
Ben Wishart Global Chief Information Officer
Beschier Jacob Noteboom Member-Supervisory Board
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