AMSTERDAM — 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.
The retailer said lower gasoline prices significantly affected sales at Giant-Carlisle , 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.
Read More of Today's Headlines