Dutch grocery giant Royal Ahold NV revealed Q1 sales of €22.2bn (US$20.2bn) yesterday (Tuesday), up 22% year on year.

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The growth was slightly up on analysts’ expectations, which had placed Ahold’s anticipated revenue at between €21.5bn and €21.9bn.


The company added that its sales growth before acquisitions was 5.4%, and that its operations in the US saw sales increase 16% for the Q1 period, to US$7.9bn.

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