Rising sales at Ahold’s domestic Albert Heijn business lifted the group’s performance in the third quarter, which saw more modest sales gains in the US.
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Netherlands-based retailer Ahold today (20 October) posted a 4.3% rise in net sales, which rose to EUR6bn (US$8.98bn) in the period.
Sales at the company’s flagship banner, Albert Heijn, rose 5.4%, trailed by its US banners Stop & Shop/Giant-Landover and Giant-Carlisle, which saw sales rise 1.9% and 0.8% respectively.
The company, which generates about 60% of sales in the US, said that sales were hit by deflation and pricing investments.
The result was however boosted by currency exchange, with sales rising 2.6% at constant exchange rates.
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By GlobalDataClick here for the full earnings release, or check back later for just-food’s insight into Ahold’s third quarter.
