Ahold sales climb 1% in fiscal '07
January 25, 2008
by Eric Schroeder
AMSTERDAM, THE NETHERLANDS — Royal Ahold n.v., the Dutch operator of Stop & Shop and Giant-Carlisle grocery stores in the United States, said fiscal 2007 sales totaled €28,152 million ($41,406 million), up 1% from fiscal 2006.
Net sales for the fourth quarter were €6,613 million ($9,726 million), up 0.2% from the same period of the previous year.
In the United States, Stop & Shop / Giant-Landover sales rose 1.5% during the year to $16,689 million, boosted by 2% growth during the fourth quarter. Giant-Carlisle stores contributed $4,307 million in sales during fiscal 2007, up 13% from fiscal 2006.
"In Europe, market conditions were favorable," the company said. "In the United States, the turbulent economic environment did not have a significant impact on local market conditions. 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."