Supermarket giant Ahold Delhaize posts 2.4 pct rise in Q1 net income to USD 487 mn

Ahold Delhaize, which operates supermarkets in the United States and Europe, said on Wednesday its first-quarter net income rose 2.4 per cent, lifted by upbeat growth in online sales and the Netherlands.

Net income in the latest three-month period came in at 435 million euros ($487 million) at constant exchange rates. Analysts polled by the company had forecast net income of 440 million euros on average. Sales rose 1.5 per cent to 15.9 billion euros in the quarter, also in line with expectations.