Summary not available.
Summary not available.
Summary not available.
Ahold Delhaize, a leading food retail group, has updated its climate targets to align with the UN's goal of keeping global warming below 1.5°C. The company commits to a 37% reduction in CO2 emissions across its entire value chain by 2030 and aims for net-zero emissions by 2050. Its operational targets include a 50% reduction of emissions by 2030 and net-zero for scope 1 and 2 emissions by 2040. This initiative is part of a broader decarbonization strategy, involving suppliers and introducing low-carbon products.
Summary not available.
Summary not available.
Ahold Delhaize announces that Kevin Holt, CEO of Ahold Delhaize USA, will retire at the Annual General Meeting on April 12, 2023. JJ Fleeman is proposed as his successor, pending shareholder approval. Fleeman has extensive experience, serving as President of Peapod Digital Labs and Chief Commercial and Digital Officer since 2018. The transition aims to continue the company's Connected Customer strategy and omnichannel growth. Holt will assist in his advisory role until the end of 2023.
Summary not available.
Ahold Delhaize reported strong Q3 2022 results, with net sales rising 9.1% at constant rates to €22.4 billion, and 20.8% at actual rates. Comparable sales growth was 7.9%, led by U.S. growth of 8.2%. Underlying operating margin held steady at 4.4%, while diluted underlying EPS surged 31.6% to €0.70. The company raised its full year EPS outlook to low-double-digit growth. A new €1 billion share buyback program is set to launch in 2023, reinforcing the company’s commitment to returning value to shareholders amidst ongoing inflation challenges.
Summary not available.