Dutch retail giant Ahold has posted a 15.2% increase in first-quarter net sales today (6 May), boosted by “solid” performances in the company’s European and US markets.
Go deeper with GlobalData
Consolidated net sales for the period to 19 April reached EUR8.7bn (US$11.6bn), with a 6.2% rise at constant exchange rates.
“In Europe and the United States, our performance remained solid and we continued to focus on striking a balance between sales growth, market share and margin,” the company said. “We remain well positioned to meet our customers’ needs and to respond to competition in the current turbulent economic environment.”
First-quarter sales at the group’s Stop & Shop stores increased 4.8% in dollar terms and 3.6% at Giant-Landover as US consumers responded to price cuts.
The company’s Giant-Carlisle stores experienced a net sales increase of 3.4% to US$1.5bn. Identical sales increased 1.1%.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
