Zaandam, the Netherlands, May 17, 2022 – Ahold Delhaize has repurchased 860,000 of its common shares in the period from May 9, 2022 up to and including May 13, 2022. The shares were repurchased at an average price of € 27.02 per share for a total consideration of € 23.2 million. These repurchases were made as part of the € 1 billion share buyback program announced on November 15, 2021. The total number of shares repurchased under this program to date is 13,136,133 common shares for a total consi
Supermarket group Ahold Delhaize raised its full-year earnings forecast on Wednesday after reporting a smaller than expected fall in first-quarter core income as people started to eat out more following the easing of COVID restrictions. The Dutch-Belgian retailer, which makes most of its sales in the United States, said quarterly underlying operating income slipped to 829 million euros ($874 million) from 849 million a year earlier, but beat analysts' mean forecast of 778 million. The better outlook follows higher-than-expected quarterly earnings in the United States, where Ahold operates the Stop & Shop, Giant, Food Lion and Hannaford chains.
Q1 Group net sales increased 8.3% at actual rates to €19.8 billion. At constant exchange rates, net sales were up 3.6% as food-at-home consumption continues to prove resilient. Q1 comparable sales excluding gas grew 3.3% (3.9% excluding weather and calendar impacts) in the U.S. and declined 3.1% in Europe (excluding weather and calendar impacts, declined 2.8%). Net consumer online sales declined 1.0% at constant exchange rates following growth of 103.3% during Q1 in the prior year. Excluding bol