Ahold sales climb 1% in fiscal '07

by Eric Schroeder
Share This:

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."

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.