Supermarket giant Ahold reports 78% surge in second quarter earnings amid coronavirus

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Supermarket giant Ahold reports 78% surge in second quarter earnings amid coronavirus
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Ahold Delhaize NV , a major operator of supermarket chains in the United States and Europe, reported better-than-expected sales and underlying operating income for the second quarter of 2020, as coronavirus lockdowns drove more traffic through its stores and online delivery services.

FILE PHOTO: The Ahold Delhaize logo is seen at the company's headquarters in Zaandam, Netherlands August 23, 2018. Picture taken August 23, 2018. REUTERS/Eva Plevier/File Photo

Underlying operating income was 1.01 billion euros , up 78% from 594 million euros in the same period a year ago, on comparable sales of 19.1 billion euros, up 15.9%.

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