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Ahold sales up 4.3 percent in Q3

Royal Ahold NV, the Dutch operator of U.S. grocery chains Stop & Shop and Giant, reported Monday a modest 4.3 percent rise in third-quarter sales, with falling prices and customer preference for cheaper shops limiting growth.
/ Source: The Associated Press

Royal Ahold NV, the Dutch operator of U.S. grocery chains Stop & Shop and Giant, reported Monday a modest 4.3 percent rise in third-quarter sales, with falling prices and customer preference for cheaper shops limiting growth.

Net sales were euro6.04 billion ($9.03 billion), up from euro5.79 billion in the same period a year earlier.

Ahold will report full third quarter earnings on Nov. 18.

The company said its U.S. store sales were up 1.8 percent in dollar terms to $5.08 billion, while its European sales were up 3.1 percent to euro2.50 billion.