Ahold-Delhaize, the multinational food retailer operating numerous banners in the U.S. including Food-Lion, Giant Food, Hannaford and Stop & Shop, recently published results for the 4th quarter of Fiscal 2023. U.S. sales attained $14,854 million, representing 60 percent of total group sales including the E.U. During the most recent quarter U.S. operating income attained $470 million, 65 percent of group operating income. Sales were down 1.5 percent from the corresponding 4th quarter of FY2022 and operating income was 46 percent lower.
During the quarter, Ahold divested FreshDirect. During Q4 U.S. comparable sales were lower by 1.0 percent with online sales down 3.6 percent.