Delhaize’s strongest performance in the US for more than a decade drove a 5% rise in annual sales, the Belgium-based retailer said today (17 January).
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The retailer, which runs 1,570 supermarkets in the US, said like-for-like sales across the Atlantic rose 3.8% last year.
Delhaize said a series of “successful initiatives” at its Food Lion, Hannaford and Sweetbay stores had led to its US sales growth.
The company’s domestic business saw like-for-like sales rise 1.6% as revenue was hit by the sales of its Di operations.
In Greece, where Delhaize last week bought the Plus Hellas discount business, the retailer saw revenues jump almost 14%.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIn sum, Delhaize’s group sales reached EUR19bn (US$27.8bn) in 2007 on an organic basis. On a reported basis, turnover was down 1.4% on the year, due to the weak US dollar.
President and CEO Pierre-Olivier Beckers said he was “proud” of the company’s performance in 2007.
“At the beginning of 2007, we set ambitious objectives and we have delivered at the higher end of these expectations, particularly thanks to outstanding performances in the US and in Greece,” Beckers said.
“We are preparing for another strong year in 2008. While the economy is far more uncertain than last year, it is also true that strong companies will be able to seize opportunities in such an environment.”
