Food retail group Ahold Delhaize reported net sales of 23.28 billion euros (USD 26.41 billion) in the first quarter of fiscal 2025 (FY 255) - a constant exchange rate of 5% and a real exchange rate of 7.1%.

The company attributed sales growth to the acquisition of PROFI, with comparable sales (excluding gasoline sales and new store openings) up 3.3%.

PROFI adds over 1,700 supermarkets and convenience stores to the European footprint of the CSE region.

Ahold Delhaize's online sales rose 13.7% in Q1 exchange rate in Q1, driven by strong growth in online grocery stores in the U.S. and European markets and enhanced by increased sales at BOL.com.

In the United States, sales rose 1.8% at a constant exchange rate to 13.9 billion euros in fiscal 25, and European net sales also showed strong performance, increasing 10.1% at the same time on the constant exchange rate and real exchange rate to 9.3 billion euros.

Ahold Delhaize's base operating margin was 3.8%, reflecting a slight contraction at a constant exchange rate of 0.2 percentage points due to U.S. price investment.

The company's International Financial Reporting Standard (IFRS) reportedly had operating income of 880 million euros, maintaining IFRS operating margin of 3.8%.

The quarter's diluted earnings per share (EPS) was reported at 0.60 euros, marking an 11.5% year-on-year increase in real exchange rates.

Despite uncertainty over the macroeconomic climate, especially about tariff policies and currency volatility, Alling Delhaize reiterated its full-year outlook for 2025, which was previously announced along with its fourth-quarter 2024 results.

The company predicts base operating margin of about 4%, and expects medium-to-high unit growth for base EPS.

The final acquisition of PROFI is expected to be donated in net sales of €3 billion in early 2025.

It is estimated that the full closure of underperforming Stop & Shop stores in 2024 will affect reported net sales of $550 million to $575 million in 2025.

The company expects that the cessation of tobacco sales will affect Albert Heijn's first half of sales of franchise stores and will see sales drop by one percentage point in Europe in 2025.

“With our strong market position, our financial strength and the great foundation work we have done over the past few years, I am confident that we have the ability to achieve evolving plans. We will continue to focus on the right things we do for long-term health and long-term health and success of our business.”