Ahold Profits Up in Q2

AMSTERDAM — Ahold here on Thursday said it was able to drive a 3.1% gain in net income in the second quarter, although the former Ukrop’s business lost $20 million, primarily related to costs of converting the stores to the Martin’s banner.

AMSTERDAM — Ahold [3] here on Thursday said it was able to drive a 3.1% gain in net income in the second quarter, although the former Ukrop’s business lost $20 million, primarily related to costs of converting the stores to the Martin’s banner.

Underlying operating income at the company’s U.S. division [4], which includes the Stop & Shop, Giant-Landover, and Giant-Carlisle chains, was up 5.6% for the quarter, to $266 million, but down 0.9% for the year-to-date period, to $560 million.

As previously reported, comparable-store sales in the U.S. were up 1.9% for the quarter, and identical-store sales excluding gas rose 0.5%. Total sales in the U.S. were up 5.5% for the quarter, to $5.5 billion, including a $120 million gain in sales from the first-quarter acquisition of Ukrop’s. Year-to-date sales rose 4.8%, to $12.6 billion, including $219 million from Ukrop’s.