Ahold 1Q Sales +15.2%, Boosted By Stronger Dollar
06 May 2009 - 3:34PM
Dow Jones News
Food retailer Royal Ahold NV (AH.AE) Wednesday posted a
higher-than-expectedrise in first-quarter revenue, due to robust
sales at all of its key chains and the stronger dollar.
"In Europe and the U.S., our performance remained solid and we
continued to focus on striking a balance between sales growth,
market share and margin", the company said in a statement.
Ahold's sales rose 15.2% to EUR8.7 billion from EUR7.51 billion
a year earlier, in line with a Dow Jones Newswires poll of six
analysts which called for EUR8.6 billion. In constant currencies,
they were 6.2%higher.
Sales at Ahold's key U.S. chains, Stop & Shop and
Giant-Landover, rose 3.7% to $6.79 billion from $6.55 billion a
year earlier. Translated into euros, net sales in the U.S. rose
19.2%Ahold said.
At its domestic Albert Heijn unit, sales were up 12.3% to EUR3
billion.
Ahold shares, which have fallen 15% over the past 12 months,
closed at EUR8.25 Tuesday.
Company Web Site: www.ahold.com
- By Maarten van Tartwijk; Dow Jones Newswires; +31 20 571 5201;
maarten.vantartwijk@dowjones.com