Ahold Delhaize Rises Most in a Year as Profit Tops Estimates
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Royal Ahold Delhaize NV’s shares jumped the most in a year as cost-cutting programs and easing inflation helped drive earnings at the grocer.
Adjusted operating profit was €996 million ($1.1 billion) in the fourth quarter, the Dutch company said Wednesday, beating analysts’ estimates. The shares rose as much as 6.1%, the biggest gain since last February.