E-commerce and Europe keep Ahold Delhaize on track

While Ahold Delhaize’s margins are under pressure in the U.S., performance improved in Europe, particularly for Delhaize and Albert Heijn in Belgium. The retailer, which is reporting strong online sales, is maintaining its forecasts for the full fiscal year.

Strong online growth in the U.S.

With revenue rising 1.9% at constant exchange rates to 23.2 billion euros in the second quarter, an operating margin of 3.9%, and a 0.3% increase in underlying operating profit to 906 million euros, Ahold Delhaize performed largely in line with expectations.