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UPDATE 1-Supermarket firm Ahold's quarterly sales top estimates with online boost

3 Min Read
AMSTERDAM (Reuters) - Ahold Delhaize, a major operator of supermarket chains in the United States and Europe, reported better-than-expected fourth-quarter sales on Wednesday, driven by a surge in online orders during the pandemic.
FILE PHOTO: Belgian shoppers are seen inside a Delhaize supermarket as it opens an hour earlier only for people above 65 years old in an attempt to protect the most vulnerable from coronavirus disease (COVID-19) contagion risks, in Brussels, Belgium March 18, 2020. REUTERS/Yves Herman/File Photo
In the quarter ending Dec. 31, Ahold said its sales rose 18% to 19.6 billion euros ($23.7 billion), topping the 18.5 billion euros seen in a company-compiled consensus. ....

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Supermarket firm Ahold's quarterly sales top estimates with online boost

3 Min Read
AMSTERDAM (Reuters) - Ahold Delhaize, a major operator of supermarket chains in the United States and Europe, reported better-than-expected fourth-quarter sales on Wednesday, driven by a surge in online orders during the pandemic.
FILE PHOTO: Belgian shoppers are seen inside a Delhaize supermarket as it opens an hour earlier only for people above 65 years old in an attempt to protect the most vulnerable from coronavirus disease (COVID-19) contagion risks, in Brussels, Belgium March 18, 2020. REUTERS/Yves Herman/File Photo
In the quarter ending Dec. 31, Ahold said its sales rose 18% to 19.6 billion euros ($23.7 billion), topping the 18.5 billion euros seen in a company-compiled consensus. ....

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Ahold Delhaize reports strong digital sales in Q4

Ahold Delhaize reports strong digital sales in Q4
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Sales Surge at Ahold Delhaize in Q4

Ahold said it expects online sales growth to continue to outpace traditional sales growth this year.
It looks like Ahold Delhaize s laser focus on e-commerce is paying off, as the company reported a 129% jump in fourth quarter online sales in the U.S.
For the fiscal period ended Dec. 31, Ahold said U.S. same-store sales excluding gasoline grew 11.2%, due largely to COVID-19 related sales strength, which has catapulted sales at many other food retailers over the past year. Online sales in the U.S. were up 129% in constant currency. However, underlying operating margin in the U.S. was 3.9%, down 0.4 percentage points from the prior year at constant exchange rates, impacted by significant costs related to COVID-19, the company said. ....

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Ahold Delhaize CFO sees Bol.com sales hitting 5 billion euros in 2021

Ahold Delhaize, which operates supermarkets in the United States and Europe, expects sales at its Dutch online retailer Bol.com to hit 5 billion euros in 2021, its CFO said on Wednesday. ....

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