BRUSSELS May 10 Retail group Ahold Delhaize
reported on Wednesday a higher-than-expected operating
profit in the first quarter, aided by cost savings that offset
weaker sales in the United States.
The company, which was formed after Dutch Ahold merged with
Belgium's Delhaize last July, reported a first-quarter operating
profit, adjusted for one-off items, of 604 million euros
($657.76 million), above the average forecast of 589 million
euros in a Reuters poll.
Ahold Delhaize, which operates supermarket chains such as
Food Lion and Stop&Shop in the United States, said it also
expected profit margins for 2017 as a whole to be above those of
last year, repeating that it was still aiming for 220 million
euros of savings coming from the merger this year.
($1 = 0.9183 euros)
(Reporting by Robert-Jan Bartunek; editing by Philip