Preliminary Q3 Results Show Modest Net Sales Increases at Ahold’s U.S. Stores
Consolidated net sales for Ahold’s third quarter ending Oct. 4, 2009, were 6.0 billion euros, an increase of 4.3 percent from the year-ago period (2.6 percent at constant exchange rates), according to preliminary results released by the Amsterdam-based retail conglomerate. During the third quarter, the company experienced volume growth in all markets, despite sales that were adversely affected by deflation and consumer trading-down, while beefed-up promotional activity continued, especially at Ahold’s U.S. banners.
At Stop & Shop/Giant-Landover, net sales grew 1.9 percent to $ 4.0 billion, and identical sales rose 0.2 percent at Stop & Shop (0.7 percent excluding gasoline) and 2.3 percent at Giant-Landover (1.5 percent excluding gas). Comparable-store sales went up 0.6 percent at Stop & Shop and 2.7 percent at Giant-Landover.
Giant-Carlisle, meanwhile, saw net sales inch up 0.8 percent to $ 1.1 billion during the quarter, while identical sales fell 1.5 percent (rose 1.0% excluding gas) and comps dipped 0.1 percent.
At Stop & Shop/Giant-Landover, net sales grew 1.9 percent to $ 4.0 billion, and identical sales rose 0.2 percent at Stop & Shop (0.7 percent excluding gasoline) and 2.3 percent at Giant-Landover (1.5 percent excluding gas). Comparable-store sales went up 0.6 percent at Stop & Shop and 2.7 percent at Giant-Landover.
Giant-Carlisle, meanwhile, saw net sales inch up 0.8 percent to $ 1.1 billion during the quarter, while identical sales fell 1.5 percent (rose 1.0% excluding gas) and comps dipped 0.1 percent.