Strong U.S. Performance
The U.S. segment showed strong performance with net sales of EUR 12.9 billion, an increase of 1.9%. The underlying operating margin in the U.S. was 4.6% due to higher sales leverage.
European Sales Growth
Sales in Europe were EUR 9.6 billion, an increase of 12.4%, including the integration of Profi which had a positive impact of 9.1%.
Online Growth
Omnichannel ecosystems drove growth with online grocery sales growing 15.4% in the U.S. and 11.9% in Europe.
Profi Integration
The integration of Profi is progressing with synergies expected to bring its profitability to average European margin levels in 2 to 3 years.
Food Lion Expansion
Food Lion is expanding with new store openings and remodels, supported by a new distribution center in Burlington, North Carolina.