Friday, October 26, 2007
Ahold today announced consolidated net sales of €6.3 billion for the third quarter ending October 7, 2007. Compared to the third quarter of 2006, net sales increased by 1.1% and increased by 5.6% at constant exchange rates.
In the United States, price investments related to the further roll-out of the Value Improvement Program, launched in September 2006 at Stop & Shop and Giant-Landover, will continue to impact margins. At Giant-Carlisle, seasonally low sales will also be reflected in margins. In the Netherlands, market conditions remained favorable.