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.