03:37 AM EDT, 08/11/2026 (MT Newswires) -- RBC Capital Markets lowered its earnings forecasts for Koninklijke Ahold Delhaize (AD.AS), as analysts took note of the food retail group's as-expected second-quarter results. "US topline trends softened, but this was largely anticipated, as was some margin investment there. Europe performed better than expected from a margin perspective. We think the outlook looks broadly stable for the US (albeit the market remains somewhat challenging) and we think Ahold has opportunity for further improvement in Europe as Profi synergies continue to come through and Serbia sees some recovery. We note that management highlighted limited downside risk to margin guidance and a good start to Q3," according to a Monday note on European retailers. Following the earnings print, the research firm reduced its full-year 2026 and 2027 pretax profit estimates by 1% to 2% due to expectations of modest margin compression and higher finance expenses. Conversely, analysts expect free cash flow to rebound in the second half following a "very strong" performance last quarter of 2025. "We note that the trend has improved in Q2 vs Q1 and we expect a continued recovery through H2," the research firm wrote. RBC rates the stock at sector perform, with a price target of 38 euros.

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