Supermarket group Ahold Delhaize reassures investors with cost cuts
Supermarket group Ahold Delhaize reported a stronger than expected fourth-quarter operating margin on Wednesday and said it will maintain "a relentless focus on cost" to protect profitability as slowing food inflation pressures grocers. The group, which operates chains including Stop & Shop, Food Lion and Hannaford in the United States and Albert Heijn and Delhaize in the Netherlands and Belgium, reported an underlying operating margin of 4.3% for the fourth quarter, beating analysts' expectations of 4%. In November, Ahold Delhaize trimmed 2023 earnings guidance after fla...