Royal Ahold Delhaize announced that net sales increased in the first quarter, mainly due to strong consumer demand for food at home.
The Dutch supermarket company announced that net sales increased by 3.6% on a stable exchange rate basis.
Comparable sales, excluding gas, increased by 3.3% in the US, while they decreased by 3.1% in Europe.
Net online sales fell 1% at a fixed exchange rate. Also, operating profit amounted to 818 million euros, and earnings per share to 0.54 euros.
“Overall, the results for the first quarter were better than we expected, despite the long-term pressures of the war in Ukraine.
In the second quarter, many of the trends of the first quarter continue. “Therefore, taking all this together, we expect that the underlying earnings per share will be comparable to 2021, with the remaining estimates for the whole year remaining unchanged,” said the president and CEO.
Source: Capital
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