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Ahold Delhaize Drives Growth, Reveals Solid Q1 Performance; Frans Muller Details

Ahold Delhaize Drives Growth, Reveals Solid Q1 Performance; Frans Muller Details

Thursday, May 9th, 2024

The latest update from Ahold Delhaize and its network of brands comes in the form of a financial report, digging into the retailer’s performance for the first quarter of 2024. While sharing its quarterly highlights and 2024 outlook, the retail group unveiled plans to drive further growth through the implementation of a strategic blueprint.

Frans Muller, Chief Executive Officer, Ahold Delhaize"I am pleased to report a stable first quarter, placing us well on track to reach our goals and aspirations for the year. The external environment remained challenging, similar to the second half of 2023,” President and Chief Executive Officer Frans Muller noted. “Our brands have been very active during the quarter in delivering great value, quality, and savings to customers, creatively using the full spectrum of their own-brand assortments and omnichannel toolkits.”

Highlights featured in the financial report include:

  • Q1 Group net sales were €21.7 billion (USD $23.3 billion), up 1.3 percent at constant exchange rates and up 0.4 percent at actual exchange rates
  • Net consumer online sales decreased by 1 percent in Q1 at constant exchange rates, negatively impacted by 5.7 percentage points due to the divestment of FreshDirect. This was partially offset by double-digit growth at Food Lion and Hannaford and accelerating growth at Albert Heijn

“In the U.S., our decision to orient our online fulfillment capabilities toward more efficient, less asset-intense same-day delivery models, such as click and collect, is also paying off. Our online sales in the U.S. grew 4.7 percent in the first quarter on a like-for-like basis, fueled by new customer growth, as well as strong retention of existing e-commerce customers,” he noted.

Ahold Delhaize continues to see growth in the United States market, with banners like Food Lion and Hannaford driving this growthWe can’t help but recall the growth seen by Food Lion and Hannaford, as referenced above in the grocer’s highlights.

“[…] Ahold Delhaize USA launched a first supplier collaboration focusing on reducing carbon emissions, with several more to follow this year,” Muller added, speaking to some company firsts driving growth in the United States.

To dig into the financial report in full, click here.

And for more retail news, keep clicking on DMN!

Ahold Delhaize