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Ahold-Delhaize Releases Q2 Results

08/07/2020

Ahold-Delhaize released results for Q2 on August 5th. For the U.S. operations, sales attained $27,259 million for the first half of 2020 with an operating income of $1,715 million.  U.S. same-store sales attained 20.6 percent, attributed to COVID spending during the first quarter and a more favorable comparison due to the effect of a strike at Stop & Shop during the first half of 2019.  Online sales increased by a 126 percent consistent with other stores adapting to the COVID crisis.

 

Frans Muller, president and CEO, commented "COVID-19 has presented adversity across society in business.  It has impacted our communities, associates, customers and their families".  He added "the engagement and strong execution of our teams have translated this unprecedented demand in both the U.S. and Europe due to COVID-19 into outstanding results.  Our Q2 performance illustrates the challenge all companies are facing in predicting results in the highly uncertain environment created by COVID-19. We are accelerating investments to support our increasing digital and omnichannel ambitions and we are raising our 2020 outlook due to our strong performance in the first half of the year".

 

Ahold-Delhaize operates Food Lion and Stop & Shop banners in the U.S and Albert Heijn  and Delhaize chains in Holland and Belgium, among others.