SINT-JANS-MOLENBEEK - Delhaize has announced its Q2 2015 financial report today, noting that its lower prices for produce, dairy, pork, and seafood drove both a rise in sales and revenue, as well as a small retail deflation. 

“We are making good progress with the two strategic initiatives highlighted earlier this year,” said Frans Muller, President and Chief Executive Officer of Delhaize Group. “The execution of our Transformation Plan at Delhaize Belgium continues to go according to plan and at Food Lion we remain on schedule to launch our ‘Easy, Fresh and Affordable’ strategy in the Raleigh market in the fourth quarter of this year.  

Muller did comment briefly on Delhaize’s impending merger with Ahold, saying the company is, “Looking forward to merging our operations with Ahold as announced on June 24, 2015.” 

Other highlights from Delhaize’s Q2 2015 financial report include:

• Revenue growth of 18.1 percent at actual and 3.2 percent at identical exchange rates
• Comparable store sales growth of 2.5 percent in the U.S., -0.6 percent in Belgium and 1.6 percent in Southeastern Europe
• Group underlying operating profit growth of 25.7 percent (8.6 percent at identical exchange rates)
• Group underlying operating margin of 3.7 percent, an increase compared to 3.4 percent in the second quarter of 2014

AndNowUKnow will continue to update you as more information about the Delhaize/Ahold merger surfaces, so stay tuned!

Delhaize