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Ahold Delhaize Releases Third Quarter Sales Results; Frans Muller Comments

Ahold Delhaize Releases Third Quarter Sales Results; Frans Muller Comments

Wednesday, November 9th, 2022

Inflation’s impact on the retail sector is still being felt, but the grocery industry is rallying against these challenges to continue delivering growth. One retailer successfully achieving this is Ahold Delhaize, which has reported group net sales of almost $22.5 billion, a 9.1 percent increase at constant exchange rates and a 20.8 percent increase at actual exchange rates.

Frans Muller, President and Chief Executive Officer, Ahold Delhaize“Empowering customer choice by providing great value and easy access to affordable and healthy food options is at the center of the customer value proposition in all of our 19 great local brands,” said Frans Muller, President and Chief Executive Officer. “Our positive market share development and resilient financial performance in Q3 highlights the trust customers continue to place in our brands. I am proud of these results and of our associates who consistently rise to meet the demands of these challenging times.”

Further showcasing its strong quarter performance, the retailer’s United States arm saw $14.7 billion in net sales. The report also showed that group net consumer online sales increased by 11.5 percent at constant exchange rates, led by a robust performance in the U.S. and a return to growth in Europe. Online sales in the U.S. segment were up 20.8 percent in constant currency, building on the 52.9 percent constant currency growth in the same quarter last year.

Despite hurdles posed by inflation, Ahold Delhaize has reported group net sales of almost $22.5 billion

“… despite increasing macroeconomic and geopolitical challenges, we continue to make important progress on delivering our strategy. Better-than-expected underlying U.S. results, foreign exchange benefits, and continued insurance gains from rising interest rates allow us to raise our full-year diluted underlying EPS guidance to low-double-digit growth. Operational excellence, tight cost control, and disciplined capital allocation continue to be important in these times,” continued Muller. “As such, we are working hard on a variety of initiatives across the company to maintain our industry-leading position of consistent and reliable performance, dependable cash flows, and shareholder returns. This is a track record we are proud of, and, in light of our continued expectations of strong free cash flow generation going forward, we are announcing the continuation of our annual share buyback program in 2023.”

Click here for more details of the financial report.

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Ahold Delhaize