Dutch retailer Ahold has booked a decline in operating profit as investments in pricing hit margins.

The company booked an 11% increase in sales, which rose to EUR1.6bn (US$9.67bn) as its strategy to lower prices resulted in higher volumes. However, operating profit fell 3.7% in the third-quarter to EUR289m, as margins dropped to 4.1% from 4.4% due to the group’s higher investment levels.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Net profit was hit by a EUR90m tax charge at its Scandanavian joint venture ICA, declining 46% to EUR139m, the group added.  

The group also announced that Ahold board memebr James McCann will become COO or Ahold USA. In a seperate announcement, the company said that McCann would take over the duties of retiring COO Carl Schlicker in February. 

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now