Ahold Delhaize Well Placed in a Post-Coronavirus Environment

Koninklijke Ahold Delhaize is the fourth-largest grocer in the United States with more than $40 billion in sales. It holds the number-one or number-two position in most of the markets in which it operates, with Albert Heijn in the Netherlands the group's most successful business unit, commanding about 35% market share. The company sports best-in-class free cash flow generation and has generally managed its expansion and operations prudently, with low levels of financial leverage and a strategy of financing its dividend and share buybacks using its ample free cash flow.