Ahold Delhaize 1Q Net Sales Rose; Overall Performance Beat Management Expectations

By Sabela Ojea

Royal Ahold Delhaize NV said Wednesday that net sales rose in the first quarter, supported by resilient consumer demand for eating at home.

The Dutch grocer said net sales rose 3.6% on a constant exchange-rate basis. Comparable sales excluding gas grew 3.3% in the U.S., while they fell 3.1% in Europe, it said.

Net consumer online sales declined 1.0% at constant exchange rates, the company said

The company said operating income was 818 million euros ($861.5 million), representing earnings per share of EUR0.54, it said.

"Overall, the first-quarter results were better than our expectations, despite macroeconomic pressures arising from the war in Ukraine. The second quarter is seeing many of the trends from the first quarter continuing. Therefore, taking all moving parts together, we expect underlying earnings per share to be comparable to 2021 with the rest of our full-year guidance metrics unchanged," President and Chief Executive Frans Muller said.

Write to Sabela Ojea at [e-mail]; @sabelaojeaguix

(END) Dow Jones Newswires

May 11, 2022 02:33 ET (06:33 GMT)

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