Stop & Shop, Landover Pace Ahold Sales Gain

Ahold’s U.S. banners posted $5.2 billion in sales for the second quarter, which ended July 12, with gains at Stop & Shop and Giant-Landover but slowing sales at Giant-Carlisle, the company said in a trading statement Tuesday.

AMSTERDAMAhold’s U.S. [3] banners posted $5.2 billion in sales for the second quarter, which ended July 12, with gains at Stop & Shop [4] and Giant-Landover but slowing sales at Giant-Carlisle, the company said in a trading statement Tuesday.

The retailer said lower gasoline prices significantly affected sales at Giant-Carlisle [5], which decreased by 0.4% to $1.1 billion in the quarter. Identical-store sales excluding gasoline increased by 2%, as the chain invested aggressively in price and promotions. Net sales at Stop & Shop and Giant-Landover improved 2.8% to $4.1 billion, with identical-store sales excluding gasoline of 3.4% at Stop & Shop and 3.5% at Giant-Landover.

Ahold’s overall quarterly sales increased to about $9.2 billion, an increase of 3.9% at constant exchange rates.

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