Investor Alert

New York Markets Close in:

May 8, 2019, 1:32 a.m. EDT

Ahold Delhaize profit rises 7.9%

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

By Adria Calatayud

Koninklijke Ahold Delhaize NV (AD.AE) said Wednesday that net profit rose 7.9% in the first quarter and confirmed its recently lowered guidance for the full year.

Quarterly net profit was 435 million euros ($486.9 million) compared with EUR403 million in the year-earlier period, the Netherlands-based owner of grocery chains such as Stop & Shop and Giant Food said.

Net sales for the first quarter grew 1.5% to EUR15.88 billion from EUR14.93 billion a year before, the company said. Net consumer online sales increased 25% at constant exchange rates, it said.

In the U.S., the company's comparable sales were up 1.2% in the quarter excluding gasoline and up 2.2% adjusted for the timing of Easter, Ahold Delhaize said.

This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.