Sales Surge at Ahold Delhaize in Q4
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....