Ahold Posts Substantial Q1 Net Sales Increase

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Ahold Posts Substantial Q1 Net Sales Increase

Ahold yesterday reported consolidated net sales of 8.7 billion euros (US $11.6 billion) for the first quarter ending April 19, 2009, thanks in part to its strongly performing U.S. banners. Compared with the year-ago period, net sales grew 15.2 percent, or 6.2 percent 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 Amsterdam-based retail conglomerate said in a statement. “We remain well positioned to meet our customers' needs and to respond to competition in the current turbulent economic environment.”

At Stop & Shop/Giant-Landover, net sales rose 3.6 percent to $5.3 billion, and identical sales increased 3.1 percent at Stop & Shop (4.8 percent excluding gasoline net sales) and 3.6 percent at Giant-Landover (3.6 percent excluding gasoline net sales), in spite of lower pharmacy sales. Comparable sales increased 3.6 percent at Stop & Shop and went up 4.0 percent at Giant-Landover.

Giant-Carlisle posted a net sales increase of 3.4 percent to $1.5 billion, while identical sales rose 1.1 percent (4.3 percent excluding gasoline net sales) and comps grew 1.8 percent.