Ukrop’s Sinks Ahold Earnings

AMSTERDAM — An $11 million loss related to the Ukrop’s acquisition contributed to lower-than-expected net earnings for Ahold in the third quarter, the company said Thursday. Officials emphasized the chain grew sales in the U.S. while many competitors saw declines.

AMSTERDAM — An $11 million loss related to the Ukrop’s acquisition contributed to lower-than-expected net earnings for Ahold in the third quarter, the company said Thursday. Officials emphasized the chain grew sales in the U.S. while many competitors saw declines.

The retailer reported worldwide sales of $9.1 billion (U.S.), a 10.8% increase, while net earnings declined 8.6% to $303 million. Ukrop’s, the 25-s

Register to view the full article