Ahold Delhaize posts strong Q1 sales growth and reaffirms 2025 outlook

Food retail radical Ahold Delhaize has reported nett income of €23.28bn ($26.41bn) successful the archetypal 4th (Q1) of fiscal 2025 (FY25) - a 5% emergence astatine changeless speech rates and 7.1% astatine existent speech rates.

The institution attributed the income maturation to its acquisition of Profi, a 3.3% summation successful comparable income excluding gasoline, and caller store openings.

Profi adds much than 1,700 supermarkets and convenience stores to the company’s European footprint successful the CSE region.

Online income for Ahold Delhaize roseate 13.7% astatine changeless speech rates during Q1 FY25, propelled by robust maturation successful online market successful the US and European markets and bolstered by accrued income astatine bol.com.

In the US, income climbed 1.8% astatine changeless speech rates to €13.9bn successful Q1 FY25, and European nett income besides showed beardown show with a emergence of 10.1% astatine some changeless and existent speech rates, reaching €9.3bn.

The underlying operating borderline for Ahold Delhaize stood astatine 3.8%, reflecting a flimsy contraction of 0.2 percent points astatine changeless speech rates owed to terms investments successful the US.

The company's planetary fiscal reporting standards (IFRS) operating income for Q1 was reported astatine €880m, maintaining an IFRS operating borderline of 3.8%.

Diluted net per stock (EPS) for the 4th were noted astatine €0.60, marking a 11.5% summation astatine existent currency rates year-on-year.

Despite uncertainty successful the macroeconomic climate, peculiarly concerning tariff policies and currency fluctuations, Ahold Delhaize reaffirmed the full-year outlook for 2025 that was previously announced alongside its Q4 2024 results.

The institution forecasts an underlying operating borderline astir 4% and anticipates mid to high-single-digit maturation successful underlying EPS.

The finalised acquisition of Profi successful aboriginal 2025 is expected to lend €3bn successful nett sales.

The completed closure of underperforming Stop & Shop stores successful 2024 is estimated to impact reported nett income for 2025 by $550m to $575m.

The institution expects the cessation of baccy income to power Albert Heijn's franchised store nett income for the archetypal half-year and volition interaction reported and comparable store income successful Europe by 1 percent constituent passim 2025.

Ahold Delhaize main fiscal serviceman Jolanda Poots-Bijl stated: “With our beardown marketplace positions, our fiscal spot and the large foundational enactment we person carried retired implicit the past fewer years, I americium assured that we are good positioned to present connected our Growing Together plans. We volition enactment focused connected doing the close happening for the semipermanent wellness and occurrence of our business.”