PEAPOD'S SALES ARE UP, BUT EXPENSES DRIVE LOSSES

CHICAGO -- Peapod here said sales were up 33% in its fiscal second quarter, but expenses related to its purchase by Ahold accelerated the Internet grocer's losses.Peapod saw sales rise to $22.7 million, up from $17.1 million a year ago, for the quarter ended June 30. Peapod attributed the increase to a 43% gain in its number of orders. Its losses widened to $10.4 million from $4.9 million.Peapod's

CHICAGO -- Peapod here said sales were up 33% in its fiscal second quarter, but expenses related to its purchase by Ahold accelerated the Internet grocer's losses.

Peapod saw sales rise to $22.7 million, up from $17.1 million a year ago, for the quarter ended June 30. Peapod attributed the increase to a 43% gain in its number of orders. Its losses widened to $10.4 million from $4.9 million.

Peapod's results illustrated its ongoing adjustment to new majority owner Ahold, the Du

Register to view the full article

Already a member? .