Ahold Posts Q3 Gains in U.S.

Ahold last week said it had sales and market-share gains at all three of its U.S. banners in the third quarter, and retail operating margins improved to help the company beat analysts' profit expectations. Profits for the quarter were down compared with a year ago, reflecting higher taxes and lower income from joint ventures, but operating income was up about 10%, to about $328 million

AMSTERDAM — Ahold here last week said it had sales and market-share gains at all three of its U.S. banners in the third quarter, and retail operating margins improved to help the company beat analysts' profit expectations.

Profits for the quarter were down compared with a year ago, reflecting higher taxes and lower income from joint ventures, but operating income was up about 10%, to about $328 million (U.S.), and retail operating income totaled $357 million, or 4.9% of sales,

Register to view the full article

test - Advanced Registered User

Already a member? .