Grocery Giant Ahold Delhaize Estimates Financial Toll of October Cyberattack
Dutch-Belgian grocery giant Ahold Delhaize estimates that last month’s cyberattack, which disrupted operations in the US and the Benelux, will wipe €200 million to €250 million ($224 million to $280 million) off its fourth-quarter net sales.
The company, whose brands include Albert Heijn, Delhaize, Food Lion and Hannaford, published the estimate this week with its third-quarter results. The attack occurred after the quarter had closed.
The cybersecurity incident is also expected to cost Ahold Delhaize €75 million to €100 million ($84 million to $112 million) in fourth-quarter underlying and IFRS operating income. On top of that, the company faces incident response and remediation expenses, but believes these will have little effect on its IFRS operating income for 2026.
As a result, the retailer has revised its 2026 guidance downward. It now projects diluted underlying earnings per share, at constant exchange rates, to grow in the low single digits, rather than...
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