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Ahold-Delhaize Group Posts Q1 Results

05/18/2020

Multinational, Ahold-Delhaize with an extensive supermarket presence in the EU and the U.S. published results for the first quarter of 2020 on May 7th.  Net sales were $16.86 billion, operating income attained $89.3 million and net income $600 million with an EPS of $0.55.

 

The U.S. contributed 62 percent of sales amounting to $10.48 billion according to Frans Muller, president and CEO who commented that results were significantly impacted by COVID-19.  In the U.S., the company recorded a 42 percent increase in online sales amounting to $300 million. 

 

The company operates 707 click-and-collect points with a target of 1,000 in 2020.  The timeline for remodeling U.S. stores has been extended due to COVID-19.  Excluding fuel, U.S. banners recorded a same-store sales growth of 13.8 percent. Aaahold-Delhaize banners in the U.S. include Food Lion, Stop & Shop, Hannaford, Giant and delivery service Peapod.