Checkout

Ahold Says Strikes at Stop & Shop to Hurt Profits

Retailer reached tentative deal with unions to end dispute
Democratic U.S. presidential candidates visited supermarkets

Democratic presidential candidate Sen. Elizabeth Warren joined striking Stop & Shop workers on April 12, 2019 in Somerville, Massachusetts.
Photographer: Scott Eisen/Getty Images North America

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By Thomas Mulier

April 23, 2019 at 6:22 AM UTC

Updated on

April 23, 2019 at 9:20 AM UTC

This article is for subscribers only.

Supermarket operator Royal Ahold Delhaize NV lowered its profit forecast due to an 11-day strike at its Stop & Shop chain in the U.S. that crippled sales, spoiled produce and drew support from several Democratic presidential candidates.

The Dutch-Belgian retailer reached a tentative agreement with five local units over the Easter weekend, allowing employees to return to work. The strike affected 246 of Stop & Shop’s 415 stores, some of which were visited by presidential candidates including Elizabeth Warren, Pete Buttigieg and Amy Klobuchar. Shares of Ahold Delhaize fell as much as 5.5 percent Tuesday in Amsterdam.