Ahold Net Sales Up 3.9% in Q3

“In the turbulent economic environment, our continued focus on bringing value to our customers led to a solid performance. We remain vigilant and will respond to any changes in consumer and competitor behavior”, the company said.

24/10/08 Retail giant Ahold has announced consolidated net sales of EUR 5.8 billion for the third quarter ending October 5, 2008. Compared to the third quarter of 2007, net sales increased by 3.9% and increased by 7.6% at constant exchange rates.

“In the turbulent economic environment, our continued focus on bringing value to our customers led to a solid performance. We remain vigilant and will respond to any changes in consumer and competitor behavior”, the company said in a statement.
 
Stop & Shop / Giant-Landover recorded that net sales increased 4.4% to USD 3.9 billion. Net sales included USD 14 million of sales to Tops. Prior to its disposal, such sales were recorded as inter-company sales. Identical sales increased 4.6% at Stop & Shop (3.8% excluding gasoline net sales) and increased 0.7% at Giant-Landover (0.6% excluding gasoline net sales), impacted by lower pharmacy sales. Comparable sales increased 4.8% at Stop & Shop and increased 1.0% at Giant-Landover.
 
Giant-Carlisle had net sales increase 11.8% to USD 1.1 billion. There was an identical sales increase of 8.0% (5.4% excluding gasoline net sales), with a comparable sales increase of 8.7%.

For Albert Heijn there was a net sales increase of 12.2% to EUR 2.0 billion. Net sales at Albert Heijn supermarkets increased 12.6% to EUR 1.9 billion. Identical sales at Albert Heijn supermarkets increased 8.3%.