EXCHANGE RATE CITED AS SALES DIP AT AHOLD

ZAANDAM, Netherlands -- Royal Ahold here said a lower dollar exchange rate resulted in slightly lower sales for the first quarter ended April 23. Sales for the 16-week quarter fell 0.3% to $5.21 billion U.S. (8.5 billion Dutch guilders). Excluding the effect of the lower exchange rate -- 1.64 guilders to the dollar, compared with 1.93 guilders to the dollar a year ago -- overall sales would have shown

ZAANDAM, Netherlands -- Royal Ahold here said a lower dollar exchange rate resulted in slightly lower sales for the first quarter ended April 23. Sales for the 16-week quarter fell 0.3% to $5.21 billion U.S. (8.5 billion Dutch guilders). Excluding the effect of the lower exchange rate -- 1.64 guilders to the dollar, compared with 1.93 guilders to the dollar a year ago -- overall sales would have shown an increase of 7.9%, the company said. Net income for the quarter rose 8.5% to $72.9 mill

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