Ahold said it expects online sales growth to continue to outpace traditional sales growth this year.
It looks like Ahold Delhaize s laser focus on e-commerce is paying off, as the company reported a 129% jump in fourth quarter online sales in the U.S.
For the fiscal period ended Dec. 31, Ahold said U.S. same-store sales excluding gasoline grew 11.2%, due largely to COVID-19 related sales strength, which has catapulted sales at many other food retailers over the past year. Online sales in the U.S. were up 129% in constant currency. However, underlying operating margin in the U.S. was 3.9%, down 0.4 percentage points from the prior year at constant exchange rates, impacted by significant costs related to COVID-19, the company said.
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