Friday, May 09, 2008
Amsterdam, the Netherlands - Ahold today announced consolidated net sales of €7.5 billion for the first quarter ending April 20, 2008. Compared to the first quarter of 2007, net sales decreased by 1.3% but increased by 6.8% at constant exchange rates.
In Europe, market conditions remained favorable. In the United States, the Value Improvement Program at Stop & Shop and Giant-Landover is on track. Price investments related to the roll-out of the program continue to impact margins and sales, with improvements expected later in the year. We remain vigilant about the economic environment and rising food prices.