USA: Internet grocer Peapod achieves operating profitability in Chicago
Leading Internet grocer Peapod (NASDAQ: PPOD) yesterday announced financial results for the first quarter ended March 31, 2001. Peapod reached operating profitability for March in its Chicago market - a significant profitability milestone achieved three months ahead of schedule. It is also making considerable progress toward reaching operating profitability in the Long Island and Connecticut markets, where it operates in strategic partnership with the Ahold supermarket chain Stop & Shop. Ahold, a leading international food provider, owns a 58% stake in Peapod.
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