Ahold Delhaize has showcased its admirable resilience in the retail space, as the company continues to overcome pressing industry challenges and explore new opportunities for growth. In its third quarter 2021 results, the retailer revealed a significant boost, detailing a total net sales increase of approximately €700 million ($801 million USD).
"Our Q3 results once again showed the resilience of our business model, with our brands building further on 2020's COVID-19-related sales gains, as various societies across our markets reopened in the quarter. During these ever-changing times, we remain proud of the significant efforts of associates in all our brands and businesses, who continue to tirelessly serve our communities,” said Frans Muller, President and Chief Executive Officer. “In Europe and the United States, our businesses faced additional disruptions in Q3 related to the Belgian floods, tornadoes in the Czech Republic, fires in Greece, and Hurricane Ida in the U.S. We would like to send a special thank you to the affected associates for their continued dedication to their communities during these difficult times, and for truly living our core values.”
This year, Ahold's Q3 results showed net sales of €18.5 billion ($21.1 billion). For the same period last year, Ahold achieved €17.8 billion ($20.8 billion).
Ahold’s U.S. division also saw a 6.8 percent increase to $13.16 million, according to the report. Online sales saw a sizable jump as the pandemic and consumer desire for convenience continues to boost the sector. Online sales grew 30.6 percent overall to $1.94 billion, and 52.9 percent to $757 million in the U.S. from the same period last year.
Other highlights featured in the report include:
As the retailer looks toward further growth, Muller noted that it will continue to expand its omnichannel business model to meet consumer needs, which was reflected when the company’s banner, The GIANT Company recently opened a new e-commerce fulfillment center in Philadelphia, Pennsylvania.
"We continue to solidify our position as an industry-leading local omnichannel retailer by executing our strategy to improve supply chain, advance omnichannel offerings, and enhance omnichannel productivity,” Muller added. “To improve the efficiency of our supply chain, the U.S. business has now achieved self-distribution for 65 percent of center store volume and remains on schedule to transition to a fully self-distributed network in 2023.”
To read the full financial report, click here.
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