Amsterdam, the Netherlands - Ahold today announced consolidated net sales of € 6.6 billion for the second quarter ending July 15, 2007. Compared to the second quarter of 2006, net sales increased by 2% and increased by 5.6% at constant exchange rates.
Market conditions in both the United States and the Netherlands were favorable. 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.
Sales performance
Stop & Shop / Giant-Landover
- Net sales increased 1.9% to $3.9 billion.
- Identical sales increased 1.1% at Stop & Shop (0.6% excluding gasoline net sales) and decreased 1% at Giant-Landover.
- Comparable sales increased 1.7% at Stop & Shop and decreased 0.8% at Giant-Landover.
Giant-Carlisle
- Net sales increased 13.7% to $1 billion, due in part to the acquisition of the Clemens Markets stores in the fourth quarter of 2006.
- Identical sales increased 2.7% (2.6% excluding gasoline net sales).
- Comparable sales increased 4.4%.
Albert Heijn
- Net sales increased 10.3% to €1.8 billion, due in part to the acquisition of the Konmar stores in the fourth quarter of 2006.
- Net sales at Albert Heijn supermarkets increased 10.6% to €1.7 billion.
- Identical sales at Albert Heijn supermarkets increased 6.2%.
Albert / Hypernova (Czech Republic and Slovakia)
- Net sales increased 10.7% to €342 million (9.4% at constant exchange rates).
- Identical sales increased 6.5%.
Schuitema
- Net sales increased 0.5% to €771 million.
- Identical sales decreased 0.6%.
Unconsolidated joint venture - ICA
- Net sales increased 22.4% to €2.2 billion, largely reflecting ICA's acquisition of the full ownership of Rimi Baltic AB from December 2006. At constant exchange rates, net sales increased 23.1%.
Ahold Press Office: +31 (0)20 509 5343
Please open the link below for the full version of the Trading Statement Q2 2007:
