Ahold Delhaize announces 54.5% increase in net sales in 4Q 2016 compared to same period last year

Ahold Delhaize reports strong sales growth in the fourth quarter:

  • Pro forma net sales of €15.5 billion, up 2.8% at constant exchange rates and adjusted for week 53 in 2015
  • Comparable sales down 0.2% at Ahold USA with resilient volume trends in a solid holiday season
  • Comparable sales growth of 2.2% at Delhaize America with strong volume growth
  • Outstanding sales performance in the Netherlands both in supermarkets and online, with comparable sales up 6.6%
  • Online net consumer sales up 27.9% at constant exchange rates and adjusted for week 53 in 2015 in the fourth quarter and reached €2.3 billion for the full year 2016
  • Expected FY 2016 pro forma underlying operating margin slightly ahead of 2015
  • Expected FY 2016 free cash flow of around €1.3 billion

Zaandam, the Netherlands, 2017-Jan-23 — /EPR Retail News/ — Ahold Delhaize today (January 19, 2017) announced consolidated net sales of €15.1 billion for the fourth quarter of 2016, an increase of 54.5% compared to the fourth quarter of last year, corresponding to pro forma net sales of €15.5 billion.

Overall our business showed a strong performance in the fourth quarter, resulting in a net sales growth of 2.8% on a pro forma basis, at constant exchange rates and adjusted for week 53 in 2015. For the full year 2016, pro forma net sales reached €62.3 billion, up 3.4% at constant exchange rates and adjusted for week 53 in 2015.

After a solid holiday season, in particular at Stop & Shop New England, comparable sales at Ahold USA were slightly down by 0.2%, while increasing market share excluding Stop & Shop New York Metro as sales in the fourth quarter of 2015 benefited from competitive closures in that market. Shelf price deflation was 1.2%, broadly in line with the previous quarter.

Delhaize America delivered strong comparable sales growth of 2.2% and both Food Lion and Hannaford grew volumes significantly. In October, Food Lion implemented its “Easy, Fresh & Affordable” initiative in 142 stores in the Charlotte market, with positive initial customer response especially in Fresh. Shelf price deflation was 1.7%, broadly in line with the previous quarter.

The Netherlands had an outstanding performance with comparable sales growth of 6.6%, driven by assortment innovations and improved service in our supermarkets and strong sales growth of the online businesses bol.com and ah.nl. In December, Albert Heijn was named best supermarket in the Netherlands by market research company GfK. Market share of Albert Heijn for the full year slightly increased compared to last year.

In Belgium comparable sales decreased 0.9%, when comparing to a strong fourth quarter in 2015. Market share remained stable for the full year compared to last year.

In Central and Southeastern Europe, comparable sales growth was 3.4%. Growth was mainly driven by Romania, with very strong comparable sales and further expansion of the store network. In Greece, comparable sales growth remained positive despite last year’s exceptional fourth quarter which benefited from market disruptions.

Outlook

For the full year 2016, we confirm our guidance for:

  • pro forma underlying operating margin for the group to be broadly in line with our performance in the first three quarters and to be slightly ahead of 2015’s underlying operating margin,
  • free cash flow (including the Delhaize Group for a full year) to be around €1.3 billion.

Cautionary notice

Forward-looking statements
This communication includes forward-looking statements. All statements other than statements of historical facts may be forward-looking statements.

Words such as trends, expected, outlook, guidance and to be or other similar words or expressions are typically used to identify forward-looking statements.

Forward-looking statements are subject to risks, uncertainties and other factors that are difficult to predict and that may cause actual results of Koninklijke Ahold Delhaize N.V. (the “Company”) to differ materially from future results expressed or implied by such forward-looking statements. Such factors include, but are not limited to the risk factors set forth in the Company’s public filings with the U.S. Securities and Exchange Commission and other disclosures. Forward-looking statements reflect the current views of the Company’s management and assumptions based on information currently available to the Company’s management. Forward-looking statements speak only as of the date they are made, and the Company does not assume any obligation to update such statements, except as required by law.

Media Relations:

Email: media.relations@aholddelhaize.com
Phone: +31 88 659 9111

Source: Ahold Delhaize

Francesca’s Holdings Corporation updates and reaffirms guidance for 4Q 2016 based on its holiday sales performance

HOUSTON, 2017-Jan-13 — /EPR Retail News/ — Francesca’s Holdings Corporation (NASDAQ:FRAN) today (Jan. 09, 2017) announced that the Company has updated and reaffirmed its guidance for the fourth quarter ending January 28, 2017 based on its holiday period sales performance and current expectations for the remainder of the quarter.

The Company now expects net sales for the fourth quarter ending January 28, 2017 in the range of $144 million to $146 million, assuming a 1% decrease to a 1% increase in comparable sales.  This compares to previous guidance of net sales in the range of $143 million to $148 million, assuming a low single digit decrease to a low single digit increase in comparable sales.  Fourth quarter diluted earnings per share are expected to be in the range of $0.35 to $0.37 compared to the Company’s previous guidance range of $0.33 to $0.37. Fiscal year 2016 diluted earnings per share are now expected to be in the range of $1.05 to $1.07.

Steve Lawrence, President and Chief Executive Officer, stated, “We are pleased with our solid holiday performance which came on top of an 11% comparable sales increase in fourth quarter last year.  Our results reflect a strong response to our merchandise offering as well as a disciplined and effective promotional strategy. We are on track to deliver sales results in line with expectations and diluted EPS at the higher end of our previously announced guidance range.”

ICR Conference

As previously announced, the Company will be presenting at the 19th Annual ICR Conference to be held at the JW Marriott Orlando Grande Lakes in Orlando, Florida on Tuesday, January 10, 2017 at 1:30 pm ET.  Mr. Lawrence and Ms. Kelly Dilts, Chief Financial Officer, will host the presentation.

The presentation will be webcast live at www.francescas.com under the Investor Relations section.  An archived replay will be available two hours after the conclusion of the live event and will remain on the website for ninety days.

Forward-Looking Statements
Certain statements in this release are “forward-looking statements” made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements reflect our current expectations or beliefs concerning future events and are subject to various risks and uncertainties that may cause actual results to differ materially from those that we expected. These risks and uncertainties include, but are not limited to, the following: the risk that we cannot anticipate, identify and respond quickly to changing fashion trends and customer preferences; our ability to attract a sufficient number of customers to our boutiques or sell sufficient quantities of our merchandise through our ecommerce business; our ability to successfully open and operate new boutiques each year; and our ability to efficiently source and distribute additional merchandise quantities necessary to support our growth. For additional information regarding these and other risks and uncertainties that could cause actual results to differ materially from those contained in our forward-looking statements, please refer to “Risk Factors” in our Annual Report on Form 10-K for the year ended January 30, 2016 filed with the Securities and Exchange Commission (“SEC”) on March 25, 2016 and any risk factors contained in subsequent quarterly and annual reports we file with the SEC. We undertake no obligation to publicly update or revise any forward-looking statement.

The Company may not issue future press releases discussing sales trends such as this one other than associated with routine quarterly and annual financial reporting.

About Francesca’s Holdings Corporation
francesca’s® is a growing specialty retailer which operates a nationwide-chain of boutiques providing customers a unique, fun and personalized shopping experience.  The merchandise assortment is a diverse and balanced mix of apparel, jewelry, accessories and gifts.  Today francesca’s® operates approximately 674 boutiques in 48 states and the District of Columbia and also serves its customers through francescas.com. For additional information on francesca’s®, please visit www.francescas.com.

CONTACT:
ICR, Inc.
Jean Fontana
646-277-1214

Company
Kelly Dilts
832-494-2236

Kate Venturina
832-494-2233
IR@francescas.com

Source: Francesca’s Holdings Corporation/globenewswire