Ahold Delhaize Sees Challenging U.S. Trading Environment
Royal Ahold Delhaize NV reported third-quarter earnings slightly below analysts’ estimates in the Dutch grocer’s first consolidated earnings report since completing a merger with its Belgian rival in July. Underlying operating income rose 4.3 percent to 513 million euros ($549 million), the Zaandam, Netherlands-based owner of the U.S. Stop & Shop chain said in a statement Thursday. Analysts expected 520 million euros. “The trading environment in the U.S. remained challenging with ongoing price deflation and competitive pressures in the market,” Chief Executive Officer Dick Boer said in the statement. Boer discusses with Guy Johnson in London and Matt Miller in Berlin on "Bloomberg Markets: European Open."