Koninklijke Ahold Delhaize NV reported on Wednesday net profit growth for the fourth quarter of 2019 on rising revenue, beating analysts’ forecasts.
The Dutch grocer AD, +0.02% made a net profit of 544 million euros ($593.7 million) for the 13 weeks to Dec. 29 compared with EUR517 million a year earlier, on revenue that rose 3.1% to EUR17.38 billion.
Analysts’ consensus was for a net profit of EUR519 million and revenue of EUR17.26 billion.
Ahold Delhaize said results benefited from the strong like-for-like sales performance of its Albert Heijn, Food Lion and Hannaford brands.
The board declared a yearly dividend of 76 European cents, 8.6% higher than the previous year.
Chief Executive Frans Muller highlighted the boost that came from the comparable sales growth across Europe and the U.S.