Ahold Delhaize Jumps as US Shoppers Prioritize Food Spending
Ahold Delhaize shares hit a fresh 23-year high as US consumer spending on food and health products held up in the first quarter, despite mounting concern about President Donald Trump's tariffs.
The Stop & Shop owner's 3.1% comparable sales increase in the US was better-than-expected, while the underlying operating margin, a closely watched figure for that market, came in at 4.4% as expected. A strong sales performance in Europe also boosted its numbers, with the company's stock rising as much as 5.9% in early Amsterdam trading, extending recent gains to hit their highest point since January 2002.
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