In its second quarter, Ahold Delhaize reported a solid performance, achieving group net sales of €22.3 billion (USD $24.3 billion), reflecting a 0.7% increase at constant exchange rates and 1.2% growth at actual rates. This growth was encouraged by comparable sales growth (excluding gasoline) of 0.6% and new store openings, notably from Jan Linders store conversions. However, this growth was somewhat tempered by the divestiture of FreshDirect and a drop in gasoline sales.

In the U.S., Q2 net sales reached €13.6 billion (USD $14.2 billion), down 1.5% at constant rates. Comparable store sales, excluding gasoline, also saw a modest decline of 0.4%. Notably, brands like Food Lion and Hannaford have thrived, with Food Lion marking an impressive 47 consecutive quarters of positive sales growth. The online segment fared better, showing a 3.4% increase in sales, despite challenges from the FreshDirect exit.

Ahold Delhaize’s new strategy, “Growing Together,” focuses on improving the customer experience, optimizing costs, and refining the store portfolio. This strategy aims to enhance market position and leverage brand strength, with planned closures of 32 underperforming Stop & Shop stores. Furthermore, the company reiterated its financial outlook for 2024, highlighting a commitment to sustainable growth and community support initiatives, such as partnerships with food banks to reduce food waste.

With a robust foundation, Ahold Delhaize is poised to navigate the complexities of the retail landscape while pursuing its ambitious growth trajectory.