Ahold Delhaize's Strong Local Positions Should Support Profitable Growth Ahead
Koninklijke Ahold Delhaize is one of the largest grocers in the United States with over $60 billion in sales. It holds the number-one or number-two position in most of its markets with Albert Heijn in the Netherlands the group's most prized asset, commanding over 35% share. The company 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 free cash flow.