ZAANDAM, the Netherlands — Ahold Delhaize today announced that chief financial officer Natalie Knight is leaving the company to pursue another career opportunity. A search for a successor has begun, the company said. Knight joined Ahold Delhaize as executive vice president, finance, in 2020 after more than four years as chief financial officer at European
ZAANDAM, the Netherlands – Ahold Delhaize announced an update to its interim CO2 emissions reduction target for its entire value chain (scope 3) to at least 37% by 2030, and to become net-zero by 2050. For its own operations (scope 1 and 2), the company reiterated its commitment to become net-zero by 2040, with an
ZAANDAM, the Netherlands — Ahold Delhaize’s net sales increased 9.1% at constant exchange rates to €22.4 billion ($22.42 billion). At actual exchange rates, net sales grew 20.8%, the company said on Wednesday. Comparable store sales (including gasoline) grew faster in the third quarter than they had in the second, growing 8.2% in the U.S. and
ZAANDAM, the Netherlands – Ahold Delhaize said sales and profits increased in its second quarter as its stores in Europe and the United States gained market share. President and CEO Frans Muller said the financial results confirm the strength and breadth of Ahold Delhaize’s brand portfolio. “Our brands’ unparalleled understanding of customers, broad assortments and
NEW YORK — Ahold Delhaize’s Stop & Shop and GIANT Co. units are each making investments to strengthen their positions in key markets. Stop & Shop held a grand opening ceremony earlier this month at its newly remodeled Bay Plaza store in the Bronx, part of a $140 million capital infusion that over the next
CARLISLE, Pa. – The GIANT Co. has named Jennifer Heinzen Krueger vice president of team experience, effective May 30. Krueger replaces Matt Lutcavage, who is leaving for a new opportunity outside of the company. In her new role, Krueger will lead GIANT’s human resources team, which the company says is focused on fostering a culture
Natalie Knight, chief financial officer of Ahold Delhaize, tells this week’s Video Forum what lies behind the supermarket operator’s solid first quarter results and continued market share gains. In addition, she discusses the progress Ahold Delhaize has made in implementing its long-term strategic plan, despite ongoing turmoil in the marketplace; challenges for consumers and businesses
ZAANDAM, Netherlands — Ahold Delhaize said its global retail portfolio reported sales growth of 8.3% in its first quarter as food-at-home consumption continued to prove resilient. Sales benefited from recent store acquisitions as well as favorable currency rates; at constant exchange rates, net sales increased 3.6% in the period to April 3. Net sales at
ZAANDAM, the Netherlands — Ahold Delhaize reported strong fourth-quarter results that beat expectations, helped by increased online sales boosted by the pandemic. A report by Reuters noted that the company’s net sales in the final quarter of 2021 totaled 20.1 billion euros ($22.8 billion), beating a forecast of 19.8 billion euros in a company-compiled poll
ZAANDAM, the Netherlands – Ahold Delhaize on Monday kicked off a €1 billion ($1.13 billion) share buyback program. The program, first announced on November 15, is expected to be completed by the end of the year, the company said. The stock buyback is part of what the company describes as an effort to maintain a
In the first of two Video Forum segments, Frans Muller, president and chief executive officer of Ahold Delhaize, talks about the next phase of the company’s Leading Together strategy. He discusses the thinking behind the retailer’s stepped-up investment in digital and omnichannel capabilities, the ongoing revitalization of its local brands in the U.S. and Europe,
ZAANDAM, Netherlands — Ahold Delhaize has unveiled a new growth and investment plan that promises to generate an extra €10 billion ($11.31 billion) in sales by 2025 by strengthening the company’s omnichannel capabilities while supporting its vision of offering the “leading local food shopping experience for customers.” Company president and chief executive officer Frans Muller