Wednesday, January 23, 2019

Supermarket retailer Ahold Delhaize's Q4 sales meet expectations

Ahold Delhaize, the Dutch-Belgian supermarket operator, reported fourth-quarter sales in line with expectations on Wednesday, driven by strong online business in the Netherlands. 

In the United States, where Ahold is the largest online supermarket retailer and owns Stop & Shop and Food Lion, sales rose 2.7 percent. Online sales grew 12.1 percent at constant exchange rates, it said.

Ahold said in November it was seeking to bolster its U.S. operations through acquisitions, to help it take on competitors such as Kroger, Walmart and Amazon in the race to win online customers.. . . more