financetom
Business
financetom
/
Business
/
Ahold Delhaize's sales exceed forecast on strong US holiday sales, Europe boost
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Ahold Delhaize's sales exceed forecast on strong US holiday sales, Europe boost
Feb 12, 2025 12:18 AM

Feb 12 (Reuters) - Supermarket group Ahold Delhaize

reported slightly higher-than-expected sales for the

fourth quarter on Wednesday, thanks to strong holiday sales at

its U.S. grocery stores and market share gains by its Dutch

chain Albert Heijn.

The Dutch group's revenue for the three months through

December 31 was 23.28 billion euros ($24.12 billion), ahead of

analysts' consensus estimate of 23.21 billion euros in a

company-compiled poll.

Ahold Delhaize said it expects an underlying operating

margin of around 4% in 2025, the same level as 2024, and aims to

save 1.25 billion euros through a cost-saving programme.

In the U.S., where Ahold Delhaize generates more than half

of its revenue, major retailers including Target and

Walmart have been pushing to keep prices of essentials

low as many Americans shun big-ticket spending and turn to

discount shopping in the face of sticky inflation.

The Food Lion and Stop & Shop parent company said it would

invest more in lowering product prices this year.

The group announced higher capital expenditure for 2025, at

around 2.7 billion euros, for new stores openings and

investments in technology.

($1 = 0.9653 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Copyright 2023-2026 - www.financetom.com All Rights Reserved