Feb 12 (Reuters) - Supermarket group Ahold Delhaize
reported slightly higher-than-expected sales for the
fourth quarter on Wednesday, thanks to strong holiday sales at
its U.S. grocery stores and market share gains by its Dutch
chain Albert Heijn.
The Dutch group's revenue for the three months through
December 31 was 23.28 billion euros ($24.12 billion), ahead of
analysts' consensus estimate of 23.21 billion euros in a
company-compiled poll.
Ahold Delhaize said it expects an underlying operating
margin of around 4% in 2025, the same level as 2024, and aims to
save 1.25 billion euros through a cost-saving programme.
In the U.S., where Ahold Delhaize generates more than half
of its revenue, major retailers including Target and
Walmart have been pushing to keep prices of essentials
low as many Americans shun big-ticket spending and turn to
discount shopping in the face of sticky inflation.
The Food Lion and Stop & Shop parent company said it would
invest more in lowering product prices this year.
The group announced higher capital expenditure for 2025, at
around 2.7 billion euros, for new stores openings and
investments in technology.
($1 = 0.9653 euros)